Question

Find the simple interest and amount on borrowing an amount of ₹4500 for 6 monthes at 5%p. a.

Answer 1

Step-by-step explanation:

Principal= ₹4500.

Time=> 6 months. It is in months so we will convert it into years. 6 months => ½ years.

Rate=>5%.

Simple Interest formula=>

$\frac{prt}{100}$

=>

$\frac{4500 \times 1 \times 5}{100 \times 2}$