Question

gayani who took a laon of rs 6000 at the S.I rate of 12% relieved of the laon after 5 months what is the interest she paid

Answer 1

Answer:

Rs 300

Step-by-step explanation:

The formula for calculating simple interest is P*T*R/100 where p is principle amount, r is rate and t is time .

So, here S.I is 6000*5/12*12/100 which is 300

Therefore, the simple interest paid by Gayani is Rs 300.

Hope it helped you!