Find the simple interest on Rs. 4500 for 6 monthes
at the rate of 5 paise per rupee per month solution
(b) Rs. 1345
(d) Rs. 1350
() Rs 1250
(c) Rs 1298
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Answer:
5 paise per rupee=5/100×4500=45×5=225 ruppes per month.
Rate%=225/4500×100=5%
SI=P×R×T/100
SI=4500×5×6/100. (6 months are not converted in years because rate is for every month.)
SI=45×6×5=1350
Correct answer=(b)1350
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