Rs 10,000 is invested at 5% interest rate p.a. Find the interest at the end of one year.
 

Answers (1)
M manish

Given that,
Principal = 10,000
Rate= 5% p.a
T = 1 year

Therefore, 
Interest = \frac{P\times R\times T}{100}
Substituting the values in the above formula, we get
= \frac{10,000\times 5\times 1}{100}
= Rs\ 500

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