10000 for 1 year at 9%simple interest per annum.
i = Prt
To calculate the simple interest for an amount of 10,000 for 1 year at an interest rate of 9% per annum, you can use the formula:
Simple Interest = (Principal * Rate * Time) / 100
Here, the principal (P) is 10,000, the rate (R) is 9%, and the time (T) is 1 year.
Substituting the values into the formula:
Simple Interest = (10,000 * 9 * 1) / 100
Simple Interest = 900
Therefore, the simple interest for 10,000 for 1 year at 9% per annum is 900.
To calculate the simple interest for an amount of 10,000 at an interest rate of 9% per annum for 1 year, you can use the following formula:
Simple Interest = Principal amount x Interest rate x Time
In this case, the principal amount (P) is 10,000, the interest rate (R) is 9%, and the time period (T) is 1 year.
Substituting the values into the formula:
Simple Interest = 10,000 x 0.09 x 1
Multiplying 10,000 by 0.09 gives us 900.
Simple Interest = 900
Therefore, the simple interest on an amount of 10,000 at an interest rate of 9% per annum for 1 year is 900.