FIND THE SIMPLE INTERSEST ON RS. 5000 FOR 6 MONTH AT THE RATE OF 4 WHOLE 1 BY 2PAR ANNAM
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The simple interest is Rs. 125.
Step-by-step explanation:
Since we have given that,
Sum = Rs. 5000
Rate of interest = 5% p.a.
Number of months = 6
So, it becomes,
SI = P×R×T/100
SI = 500 × 6 × 5/100
SI = 125
Hence, the simple interest is Rs. 125.
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