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Q.

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


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a

380

b

420

c

500

d

295 

answer is C.

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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 Question ImageHere, we have the principalQuestion Image, the interest rateQuestion Image, and the duration in yearsQuestion Image.
For equation (1) , change 10,000 for P, 5 for,Question Image and 1 for to get the interest after a year.
Simple interest Question ImageSimple interestQuestion ImageQuestion ImageThen the required interest is Rs.500.
Hence, the correct answer is option (3) .
 
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