Quiz Demo 3

Where:

• $P$ = Principal amount (₹10,000)
• $R$ = Annual interest rate (10%)
• $T$ = Time (1 year)

Step-by-Step Calculation:

1. Plug in the values:

   Simple Interest=10,000×10×1100\text{Simple Interest} = \frac{10,000 \times 10 \times 1}{100}Simple Interest=10010,000×10×1​

2. Simplify:

   Simple Interest=100,000100=₹1,000\text{Simple Interest} = \frac{100,000}{100} = ₹1,000Simple Interest=100100,000​=₹1,000

3. Add the simple interest to the principal amount to find the total:

   $$\text{Total Amount}=P+\text{Simple Interest}$$ $$\text{Total Amount}=₹10,000+₹1,000=\; (your\; answer)$$