12o/o p.a. interest on Bank Loan T 1,00,000 for 6 months. Calculate interest.
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P = 100000
R = 12%
T = 1/2 year { since, 6months)
S.I = PRT/100
= 100000 x 12 x 1/ 2x100
= 6000
Therefore, the simple interest is 6000 rupees
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