Rishav takes a loan of rupees 10000 from a bank for a period of 1 year. The rate of interest is 10%per annum. Find the interest and the amount he has to the pay at the end of a year.​

Answer:The simple interest on the given principal after 1 year = Rs. 1,000The amount Rishav has to pay after an year  = Rs 11,000Step-by-step explanation:Here, the Principal amount taken = Rs 10,000Rate of Interest = 10%Time Period  = 1 yearNow, the SIMPLE INTEREST  = [tex]\frac{P \times R \times T}{100}[/tex]or, [tex]SI = \frac{10,000 \times 10 \times 1}{100}  = 1,000[/tex]So, the simple interest on the given principal after 1 year = Rs. 1,000Now, Amount = Principal + Simple Interest or , A = 10,000 + 1,000 =  11, 000Hence, the amount Rishav has to pay after an year  = Rs 11,000