Question

Calculate the simple interest earned on ₹12,000 in 6 months at the rate of 8% per annum.​

Answer 1

Answer:

Rs.1080

Step-by-step explanation:

SI=P*R*T/100​

      =12000*18*(6/12)​/100

       =Rs.1080

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Answer 2

Answer:

₹ 480

Step-by-step explanation:

Amount (P)= ₹ 12000

Rate (R)= 8%

Time (T) = $\frac{6}{12}$ years

Simple interest (S.I.) = $\frac{P*R*T}{100}$

                         = $\frac{12000*6*8}{100*12}$

                         = ₹ 480