Question

Calculate the simple interest on 10,000 for 5 years 6 months at a rate of interest of:
a. 4% per annum
b. 1/5% per month
c. 5/6% per month​

Answer 1

Answer:

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Explanation:

SI =

P×R×T /100

now first

as taking rate 4 percent

so

SI = P×R×T/100

= 10,000×4×5/100×2

= 100×2×5

= 1000

SI = Rs 1000

Answer 2

Explanation:

SI-1000*4*5/100*2

SI-5*4*5

SI-100