Question

What will be the simple interest and amount of rs 500 landed for 6month at a 8%rate half yearly

Answer 1

Using formula of simple interest

S.I=P*R*T➗ 100

Time=1/2 years

S.I=(500*8*1/2)/100

S.I=20

This is required answer

Hope it's helpful

Answer 2

SI = P*R*T / 100
Time = 1/2 years
SI = 500*8*1/2
SI = ₹2000