Question

What is the simple interest earned for each term.
$500 invested at 4% for 6momths

Answer 1

Answer:

10$

Step-by-step explanation:

p= 500$

rate=4%

time= 6months = 1/2yr

S.I= p×r×t/100

• = 500×4×1/100×2
• = 2000/200

= 10$

Answer 2

Answer:

Given :

Principal = $500

Rate = 4%

Time = 6 months

To find :

Simple interest

Solution :

$\dfrac{6}{12} \sf \: years = \dfrac{1}{2} \: years$

$\sf \: S.I = \dfrac{p \times r \times t}{100}$

$\sf \: S.I = \dfrac{500 \times 4 \times 1}{100 \times 2}$

$\sf \: S.I = \dfrac{5 \cancel0\cancel0 \times \cancel42\times \: 1}{1\cancel0\cancel0 \times \cancel2}$

$\sf \: S.I =Rs.10$

Hence, Simple Interest is $10.

Know more :

• Formula for Simple Interest :

$\sf \: S.I = \dfrac{p \times r \times t}{100}$