Question

Interest on 500 at 12% p.a. for 1 year is​

Answer 1

Answer:

p=500

r=12%

t=1 year

..........

Answer 2

Answer:

Given, let

P = 500

r of interest = 12%

t = 1y or 12months

I = p*n(n+1) * r/ 2*12*100

I = 500*12(13)*12/2*12*100

I = 5*13*6/1

I =>390/-