rutuja gave pranav Rs 2500 on simple intereste for 6 months at the rate of 8% p.a. How much intereste will pranav pay to rutuja for 6 months?
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Answer:
Simple Interest :- 100₹ and Amount :- 2600 ₹
Step-by-step explanation:
Rutuja gave Pranav 2500 ₹
So, the Principal is :- 2500 ₹
The time given is :- 6 month that means 1/2 year
The simple Interest is given on the rate of 8 % now,
Simple Interest :- Principal × Time × Rate / 100
SI :- 2500 × 1 × 8 / 100 × 2
= 25 × 1 × 8 / 2
= 25 × 4
= 100 rs
Now the Amount
* Amount :- Principal × SI
A = 2500 + 100
= 2600 ₹
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