Question

What interest to be paid for Rs 850 borrowed for 6 months at 5 whole 1/2 per annum.
step by step explain fast plz​

Answer 1

Answer:

Step-by-step explanation:

Principal=Rs.850

Time=6 months

Rate per annum=$5\frac{1}{2}$=$\frac{11}{2}$

We know that,

Simple Interest = $\frac{Principal*Time*Rate per annum}{100}$

Simple Interest =