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Find the simple interest on borrowed on May 1 and will be paid after 6 months at 6.25% interest |
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Answer» -step explanation:If P be any sum and r% be it's rate of Interest PER ANNUM for t years, then interest in t years be.Interest ( I ) = ( PTR ) / 100.Given, Sum = RS 6400.Time = 6 months = 1/2 year.Rate = 10% p.a.So, interest in 6 months.= (Sum * Time * Rate) / 100.= Rs { 6400 * ( 1 / 2 ) *10 } / 100. |
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