1. Calculate the simple interest for the following : (a) p=rupee 7200,R=7.5 per annum,T=6 months
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Answer:
simple interest =rate of interest×time in year× principal/100
here principal =Rs 7200
rate of interest=7.5%
time=6 months=6/12 year=1/2 year
interest =7200×7.5×1/2×100Rs
=36×7.5Rs
=Rs 270
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