1. The simple interest on Rs.900 for 6 months at 8% p.a. is
Answers
Answer:
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Solution:-
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⚩ Here, the question has given us the principal, rate of interest and time that is Rs. 900, 6 months and 8% p.a respectively. How, the question has asked us to find the Simple Interest. So here to get the SI we have apply it's formula.
ANSWER:-
» The simple interest is of Rs. 936.
GIVEN:-
➢ Principal = Rs. 900
➢ Rate of interest = 8% p.a.
➢ Time = 6 months
➢ 6 months = 6/12
TO FIND:-
⬤ Simple Interest = ?
FORMULA:-
⟹ Simple Interest = P × R × T / 100
SOLVING BY APPLYING THE FORMULA:-
➢ Principal = Rs. 900
➢ Rate of interest = 8% p.a.
➢ Time = 6 months
➢ 6 months = 6/12
⟹ Simple Interest = P × R × T / 100
⇁ Simple Interest = 900 × 8 × 6 / 100 × 12
⇁ Simple Interest = 900 × 48 / 100 × 12
⇁ Simple Interest = 43,200 / 100 × 12
⇁ Cancel the zeros
⇁ Simple Interest = 432 / 12
⇁ Simple Interest = 432 / 12 = 36
⇁ Simple Interest = ₹ 36
Amount = 900+36 = 936
Hence, we got the answer. The simple interest is of Rs. 936.
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