# 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.

1 answer

###### Question:

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.

## Answers

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

#### Similar Solved Questions

1 answer

### What are two distinctive types of unmanned aircraft systems

what are two distinctive types of unmanned aircraft systems...

1 answer

### Why did the author not feel like going back to the address in the lesson 'The Address'?

Why did the author not feel like going back to the address in the lesson 'The Address'?...

1 answer

### What are the coordinates of the point where the two lines intersect

what are the coordinates of the point where the two lines intersect...

1 answer

### Please help with these i don’t understand them

please help with these i don’t understand them...

2 answers

### Where did the Roman Empire begin? Include the city and country.

Where did the Roman Empire begin? Include the city and country....

1 answer

### ¿Que es geografia cientificamente segun angel rubio

¿Que es geografia cientificamente segun angel rubio...

1 answer

### Briefly explain 3 roles that each institution plays in addressing violation of human right

Briefly explain 3 roles that each institution plays in addressing violation of human right...

1 answer

### True or false Employees need to be familiar with their company's plagiarism policy.

True or false Employees need to be familiar with their company's plagiarism policy....

1 answer

### _____ relates to how easily consumers can test and use the product.

_____ relates to how easily consumers can test and use the product....

1 answer

### What is a possible reason for the girl's hopelessness?

What is a possible reason for the girl's hopelessness?...

2 answers

### ASAP!!!! WILL GIVE BRAINLIEST FOR CORRECT ANSWER! Which option is incorrect in describing how children were educated in the Republic of texas? a. in public schools b. by private teachers c. in private schools d. in the home

ASAP!!!! WILL GIVE BRAINLIEST FOR CORRECT ANSWER! Which option is incorrect in describing how children were educated in the Republic of texas?
a. in public schools
b. by private teachers
c. in private schools
d. in the home...

1 answer

### Can somebody pleaseee help me with this asap i really need it

can somebody pleaseee help me with this asap i really need it...

1 answer

### When journaling one should write a single goal for today. Select one: True False

When journaling one should write a single goal for today.
Select one:
True
False...