Q.The interest on 5000 rupees at a rate of 12% for 10 years will be— (a) ₹ 5000 (b) ₹ 6000 (c) ₹ 5750 (d) ₹ 6250
Answer: B
Principal \((p) = 5000\) rupees
Time \((t) = 10\) years
Interest rate \((r) = 12\%\)
\(\therefore\) Total interest amount \((I) = \cfrac{ptr}{100}\)
\(= \cfrac{5000 × 10 × 12}{100}\)
\(= 6000\) rupees.
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