Find the following
a) principal- ₹6500
rate of interest-15% p.a
time 1 whole ½ year
Find simple interest
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Step-by-step explanation:
Principal (P) = Rs 6500
Rate of Interest (R) = 10% per annum
Time (T) = 1 whole \frac{1}{2}
2
1
Years = 1.5 years
To be found :-
The Simple Interest (S.I)
S.I =
100
P×R×T
S.I = \frac{6500 \times 10 \times 1.5}{100}
100
6500×10×1.5
S.I = Rs 975
Hence
The Simple Interest (S.I) = Rs 975
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