Question

10,000 is invested at 5% interest rate p.a. Find the amount to be paid after 1 year.​

Answer 1

interest = RS. 500

Explanation:

interest= 100/p*r*t

p∗r∗t

​p = principal amount , r = rate , t = time

interest= 100/10000∗5∗1

​

Answer 2

Interest = 500

Explanation:

Interest =
`(p∗r∗t)/(100) \\`

p = principal amount , r = rate , t = time

Interest=
`(10000 * 5 * 1)/(100) \\`

Interest = 500