Question

Example 12. Find simple interest on Rs 350 at 10 paise/rupee half yearly
for
years.
​

Answer 1

simple interest for 6 months =(pxrxt/100) =350x10x6/100 =35x6 =210 paise or 2 Rs 10paise

We know that 1 year = 12 months

hence, 3 year =12 x3 = 36

Now simple interest for 3 years = 350x10x36 /100 = 35x36 =1260 paise or 12 Rs 60 pais

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