Question

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​

Answer 1

Answer:

₹ 12208.34

Step-by-step explanation:

SI= PRT/100

   =₹(12500×4×7/100×12)

   =₹(3500/12)

   =₹291.666666667

Therefore, Interest= ₹(12500- 291.666666667)

                              = ₹12208.3333333

                              =₹ 12208.34 (approx.)

Answer 2

The interest that gets accrued on the end of the day on 1st July, 2016 is Rs 250

Simple interest is calculated by multiplying the principal (original amount invested) by the interest rate and the number of years for which the investment is made.

In this case, the principal is Rs 12500, the interest rate is 4% per annum, and the number of years is 6 months. So, the formula for simple interest is:

$Simple Interest = (Principal * Interest Rate * Time) / 100$

Plugging in the given values, we get:

Simple Interest = $(12500 * 4 * 0.5) / 100 = Rs 250$

Therefore, the interest that gets accrued on the end of the day on 1st July, 2016 is Rs 250

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