Rahim deposited? 10,000 in a company which pays 18% simple interest pa – InterviewSolution

1.

Rahim deposited? 10,000 in a company which pays 18% simple interest paFind the interest he gets for a period of 5 years.

Answer»

SI = (P*R*T)/100Given P = 10000, R = 18%, T = 5 yearsSI = (10000*18*5)/100 = 100*90 = 9000

Rahim gets interest = Rs 9000

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