Question

Find the simple interest and amount on Rs. 5000 for 6 months at the rate of 5% per annum

Answer 1

Step-by-step explanation:

principal=5000

time=6 months

12months=1 year

therefore, 6 months=1/2year

rate of interest=5%p.a

S.I=PRT/100

5000×5×1/100×2=125

amount=p+S.I

5000+125=5125