Q7 of 94 Page 5

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

Simple interest is same as percentages

The company pays 18% simple interest for his 10,000 every year


First year - = 1,800


In simple interest every year same interest will be paid.


So, for five years = 5 × 1,800


= 9,000


He will get Rs. 9,000 as interest for the period of 5 years.


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