Calculate the simple interest on ₹1000 at 5% per annum for 2 years.
Explanation
To calculate simple interest, we use the formula: Simple Interest = (Principal * Rate * Time) / 100. Given Principal = Rs. 10000, Rate = 5%, Time = 2 years, Simple Interest = (10000 * 5 * 2) / 100 = Rs. 1000.
⬆ Related Topic
📘 Syllabus
📝 Practice Questions
Practice Previous Year Questions →
🤖 Practice with AI
Generate Practice Question Paper →
📚 Related Concepts
- After an examination, a teacher wants to know the marks obtained by maximum number of the students in her class. She req
- (ii) An electric oven is designed to work on the mains voltage of 220 V . This oven consumes 11 units of electrical ener
- (ii) Two identical resistors of $24 \Omega$ each are connected to a battery of 6 V . Calculate the ratio of the power co
- Power of lens is -0.5 D . What is the relation between the power of a lens and its focal length ? Calculate the focal le
- An electric heater has a resistance of $690 \Omega$ and is designed to operate at 230 V . What are the characteristics o