Question

At what rate per cent per annum will Rs. 6500 fetch simple interest of Rs.130 for 6 months?.

Answer 1

Answer:

4% P.A

Step-by-step explanation:

Let the Rate of Interest be x %.

6500*1/2*x/100 = 130

x = (130*2*100)/6500

= 4%

Answer 2

The correct answer is 4%.

Given: Time period = 6 months.

Simple interest = Rs 130.

Principle = Rs 6500.

To Find: Rate of interest.

Solution:

Time period is taken in years in the formula.

6 months = $\frac{6}{12}$ = 0.5 years.

Simple interest (SI) = $\frac{PRT}{100}$

130 = $\frac{6500*R*0.5}{100}$

$R=\frac{130*100}{6500*0.5}$

R = 4%

Hence, the rate of interest is 4%.

#SPJ2