Calculate the simple interest after 6 months at 6.25% interest
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Step-by-step explanation:
If p be any sum and r % be its rate of interest per annum for t t t years , then interest in t years be .
Interest (I) = ( ptr) /100
Given sum = 6400
Time = 6 months = 1/2 year
Rate = 10% p.a.
So , interest in 6 months .
= sum* time* rate /100
Rs ( 6400 * 1/2 * 10% ) / 100
Rs 320
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