find simple interest of rupees 5000 at 7% per annum for six months
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Step-by-step explanation:
P - 5000
R - 7% p.a
T - 6months = 6/12 ( we divide by 12 in order to convert months into years)
thus
T - 6 months =1/2 year
simple interest = 5000×1×7
100×2
= 175 is your simple interest
hope you find it relatable.
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