Question

Rutuja gave pranav Rs.2500 on simple interest for 6 months at the rate 8 persent p.a. How much interest will pranav pay to rutuja for 6 months?

Answer 1

$simple \: interest \: = \frac{prt}{100} \\ = 2500 \times 8 \times 6 \div 100 \times 12 \\ = 80............$
Hope it is correct

Answer 2

Pranav will have to pay Rs.100 interest for 6 months to Rutuja.

How to calculate Simple Interest?

The general formula to calculate simple interest is given as,

$I=\frac{P*R*T}{100}$

In this formula,

• P is the principal amount.
• R is rate of interest per annum.
• T is the time period of the loan.

Principal amount is the sum of money initially loaned by the lender to the debtor.

Rate of interest is the interest amount the debtor should pay in due accordance with the principal amount.

Time period is the time in years for which the loan was taken. In this case it is half a year.

Now putting our given values in the equation we get,

$I=\frac{2500*8*0.5}{100}$

Therefore we get, I= 100.

Hence, the interest amount will be equal to Rs.100.

To know more about simple interest see:

https://brainly.in/question/12533182

To know more about compound interest see:

https://brainly.in/question/1128320