If Rs. 10000 is invested at 5% interest rate p.a. Find the interest at the end of the one year.

see full answer

High-Paying Jobs That Even AI Can’t Replace — Through JEE/NEET

🎯 Hear from the experts why preparing for JEE/NEET today sets you up for future-proof, high-income careers tomorrow.

An Intiative by Sri Chaitanya

380

420

500

295

answer is C.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

Concept: In this problem, we must use a straightforward interest formula to determine the interest at the end of a year.
Below is a formula for simple interest.
Simple interest

Here, we have the principal

, the interest rate

, and the duration in years

.
For equation (1) , change 10,000 for P, 5 for,

and 1 for to get the interest after a year.
Simple interest

Simple interest

Then the required interest is Rs.500.
Hence, the correct answer is option (3) .

Watch 3-min video & get full concept clarity

course

No courses found

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Online Course for IIT JEE

Best Online Course for NEET

Best Online Course for CBSE

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Get Expert Academic Guidance – Connect with a Counselor Today!

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Online Course for IIT JEE

Best Online Course for NEET

Best Online Course for CBSE