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Question
Which among the following is the simple interest for the principle of ₹ 1,000 for one year at the rate of 10% interest per annum?
Options
₹ 200
₹ 10
₹ 100
₹ 1,000
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Solution
₹ 100
Explanation;
Hint: Interest = `"Pnr"/100`
= `(1000 xx 1 xx 10)/100`
= ₹ 100
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