# 10,000 is invested at 5% interest rate p.a. Find the interest at the end of one year

Given:
Principal = 10,000
Rate= 5% p.a
T = 1 year

To find:  the interest at the end of one year

Solution:

Simple Interest = $\frac{P\times R\times T}{100}$

Substituting the values in the above formula, we get
= $\frac{10,000\times 5\times 1}{100}$
=$Rs\ 500$

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