calculau THE simple intevant on Rs 1200 at 3 1/2 % interest per a annum for 6 month
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jaysms87:
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sᴏʟᴜᴛɪᴏɴ⤵️
required data:-
1) principal=1200 ruppes
2)time=1/2 years (6/12=1/2)
3) rate of interest=7/2%
To solve the sum we use the formula of simple interest :-
Formula of simple interest = principal ×time ×rate÷ of interest /100
=> 1200×1/2×7/2/100ruppes
=>21 ruppes
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