Question

Find the simple interest on rs.500 for 9 months at 6 paisa per month?

Answer 1

Answer:

270

Explanation:

Formula: SI = (p * r * t) / 100

p = 500

t = 9

r = 6

SI = (500 * 6 * 9)/(100)

   =  270

Answer 2

Given,

Principal = Rs. 500

Time   = 9 months

Rate = 6 paisa per month = 6/100*100 = 6 % per month

To find,

The Simple Interest on rs.500 for 9 months at 6 paise per month.

Solution,

We can solve the above question by using the formula of Simple Interest.

  Simple Interest = Principal * rate of interest * Time/100

                            = 500*6*9/100

                            = 270

Hence, the simple interest on rs.500 for 9 months at 6 paise per month is Rs. 270.