Question

What is the simple interest of =N= 10,000 lent out at the rate of 7.5% per six month for 5 months

Answer 1

Answer:

625 Rs.

Step-by-step explanation:

Given that, the interest rate is 7.5% per six months.

This gives,

If you take lend of 100 Rs. then after 6 months, you have to give a simple interest of 7.5 Rs. ..........(1)

Here, we have to find the simple interest to pay for lent out of 10000 Rs. for 5 months.

Now, from statement (1)

For 100 Rs. lending after 5 months the interest becomes 7.5×(5/6)= 6.25 Rs.

⇒ For 10000 Rs. lending after 5 months the interest becomes 6.25×(10000/100)=625 Rs.

Therefore, the interest is 625 Rs.