Question

A sum of 500 is lent for 6 months at the rate of 6% per annum .find the interest.​

Answer 1

Answer:

The interest rate is 10 paise per rupee per month.

⇒ Total interest rate on Rs. 50 per month = 50 × 10 = 500 paise = Rs. 5 (? Re. 1 = 100 paise)

⇒ Simple interest on Rs. 50 for 6 months = 5 × 6 = Rs. 30

∴ Simple interest on Rs. 50 for 6 months at the rate of 10 paise per rupee per month = Rs. 30

Answer 2

Step-by-step explanation:

Principal = 500

Time = 6 months = 1/2 years

rate =6%

Interst= 500 * 1/2 * 6/100 (500 will be divided by 100, 6 will be divided by 2)

= 5*3= 15

Intrest = Rs 15