Calculate the simple interest on ₹10,000 for 5 years 6 months at a rate of
a. 4% per annum
b.1.5% per month
c. 5/6% per month
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Answer:
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Step-by-step explanation:
lending after 5 months the interest becomes 7.5×(5/6)= 6.25 Rs. ⇒ For 10000 Rs. lending after 5 months the interest becomes 6.25×(10000/100)=625 Rs. Therefore, the interest is 625 Rs.
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a)- ₹2200
b)-₹9900
c)-₹5500
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