Question

Calculate simple interest on 1000 @ 15 percent p.a. for 6 month?

Answer 1

Greetings..!

Given are , Principal = Rs 1000 , Rate of interest = 15% p.a , Time = 6 months = 6/12 = 1/2 years

By using formula for finding Simple Interest , we have ,

SI = P * R * T / 100 = 1000*15*1/100*2=Rs 75

Answer : Hence , Simple Interest on rs 1000 for 6 months at the rate of 15% per annum is Rs 75 .

Answer 2

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