Question

A sum of Rs 10,000 is borrowed at the rate of 8% per annum for 6 months. Find the simple interest at the end of 6 months.​

Answer 1

Answer:

Principal =$ 10,000

Rate = 8

Time = 6 months

Interest for 6 months = $ 10,000 × 8×6 / 100

= $ 4800

After end of 6 month = $ 10,000+$4800= $5200