If a bank lends ₹10,000 at an interest rate of 10% for one year, how much total will the borrower repay?

Question

Edzy · Accepted Answer

The correct answer is '₹10,500.' After one year, the interest (10% of ₹10,000 is ₹1,000) is added to the principal amount (₹10,000), totaling ₹11,000.

If a bank lends ₹10,000 at an interest rate of 10% for one year, how much total will the borrower repay?

If a bank lends ₹10,000 at an interest rate of 10% for one year, how much total will the borrower repay?

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