Question

A
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A sum of Rs 12500 is invested on 1st January, 2016 at 4% simple interest per amm. How much interest in
Rs) gets accrued on the end of the day on 1st July, 2016)
400
C
250
500
240​

Answer 1

Answer:

correct answer is 250

Explanation:

SI = Prt/100

P = 12500

R = 4%

t = 6 months = 0.5 year

SI = (12500 * 4 * 0.5) / 100

SI = 125 * 2 = 250

Answer 2

Given :- A sum of Rs 12500 is invested on 1st January, 2016 at 4% simple interest per annum. How much interest (in Rs) gets accrued on the end of the day on 1st July 2016 ?

A) 400

B) 250

C) 500

D) 240

Solution :-

given that,

• Sum invested = Principal = Rs.12500 .
• Rate of interest = 4% per annum.
• Time period = 1 january 2016 to 1 july 2016 = January + Feb. + March + April + may + June = 6 months = (6/12) = (1/2) year.

we know that,

• Simple interest = (Principal * Rate * Time) / 100 .

Putting all values we get,

→ SI = { 12500 * 4 * (1/2) } / 100

→ SI = (12500 * 2)/100

→ SI = 125 * 2

→ SI = Rs.250 (Option B) (Ans.)

Hence, Rs.250 is the required simple interest gets on the end of the day on 1st july , 2016.

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