Interest on RS a at the simple interest 10% per annum for 6 month
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6400 for 6 months at the rate of 10% per annum. Rate = 10% p.a. Therefore, the simple interest on Rs 6400 for 6 months at the rate of 10% per annum is Rs 320.
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Step-by-step explanation:
If P be any sum and r% be its rate of Interest per annum for t years, then interest in t years be
Interest ( I ) = ( Ptr ) / 100
Given that the sum = Rs 6400
Time = 6 months = 1/2 year
Rate = 10% p.a.
So, interest in 6 months
= (Sum * Time * Rate) / 100
= Rs { 6400 * ( 1 / 2 ) *10 } / 100
= Rs 320
Therefore, the simple interest on Rs 6400 for 6 months at the rate of 10% per annum is Rs 320
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