Question

find the simple interest when rate is 5% half yearly for 2.5 years

Answer 1

Answer:

Step-by-step explanation:

Let principal amount = P;

Rate of interest = R;

And time  = 2.5 Years;

Here the interested is calculated as a half yearly it means time is T/2;

Formula for simple interest for half yearly calculation = (PRT/2)/100;

= PRT/200

Answer 2

Answer:

Simple interest would be 1/4th of the amount invested

Step-by-step explanation:

Find the simple interest when rate is 5% half yearly for 2.5 years

Let say principle = P

Rate of interest = 5 % half yearly

T = 2.5 Years = 5 Half Years

Simple Interest = P * r * T /100

= P * 5 * 5 / 100

= P/4

Simple interest would be 1/4th of the amount invested