Question 34

Find the simple interest on Rs. 50 for 6 months at the rate of 10 paise per rupee per month.

Solution

P=50

T=6 month

rate of 10 paise per rupee per month

So R=10

we know

$$S.I=\frac{P\times{R}\times{T}}{100}$$

$$S.I=\frac{50\times10\times6}{100}$$

$$S.I=30$$

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