CUET Preparation Today
The simple interest on a certain sum for two years is 1000 at the rate of 10% per annum. What is the amount after these two years? |
₹6500 ₹6000 ₹7000 ₹5500 |
₹6000 |
We know , Simple Interest = \(\frac{Principal ×Rate × Time }{100}\) 1000 = \(\frac{Principal × 10 × 2 }{100}\) Principal = Rs. 5000 Amount = Principal + Interest = 5000 + 1000 = Rs. 6000
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