At what rate per cent per annum will Rs. 6500 fetch simple interest of – InterviewSolution

1.

At what rate per cent per annum will Rs. 6500 fetch simple interest of Rs.130 for 6 months?.

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Answer:

A person borrows Rs. 5000 for 2 years at 4% p.a. SIMPLE interest. he ... S.I. for last 6 months = Rs. (105 X 10 x 1⁄100 x 2) = Rs 5.25

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