Question

How much simple interest an rs 100 for 6 months at 8% p.a.

Answer 1

Answer

4 rupees

Step-by-step explanation:

rate of interest per month 0.66%

Answer 2

Answer:

The simple interest on RS 100 for 6 months at 8% pa is Rs.4.

Here,

Principal(P) = Rs100

Rate(R) = 8%

Time(T) = 6 months

Firstly we need to convert the time on the basis of the year because the simple interest is calculated on yearly basis. So,

Time(T) = 6/12 years = 1/2 years.

Now,

simple interest = P*T*R/100

                         = 100*1/2*8/100

                         = 800/200

Therefore, SI = Rs 4

Know more about Simple interest here:

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Know more about Compound Interest here:

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