calculate the simple interest on rs 5600 at 8% per annum for6 months
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Answer:
Step-by-step explanation:
principle=₹5600
rate of interest=8% per annum
time = 6months =6/12yrs=1/2yrs
or, time=0.5yrs
therefore,SI= PxRxT/100
= (5600*8*0.5)/100
=(5600*8*5)/100*10 (since, 0.5=5/10)
=56*4 ( dividing 56 by 100 and converting 8/10 in simplest form dividing by 2 and then dividing 5 by 5)
=224
therefore, SI= ₹224 (answer)
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