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Find the simple interest on Rs. 50 for 6 months at the rate of 10 paise per rupee per month.
- ARs. 35
- BRs. 40
- CRs. 25
- DRs. 30
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The interest rate is 10 paise per rupee per month.
⇒ Total interest rate on Rs. 50 per month = 50 × 10 = 500 paise = Rs. 5 (? Re. 1 = 100 paise)
⇒ Simple interest on Rs. 50 for 6 months = 5 × 6 = Rs. 30
∴ Simple interest on Rs. 50 for 6 months at the rate of 10 paise per rupee per month = Rs. 30
⇒ Total interest rate on Rs. 50 per month = 50 × 10 = 500 paise = Rs. 5 (? Re. 1 = 100 paise)
⇒ Simple interest on Rs. 50 for 6 months = 5 × 6 = Rs. 30
∴ Simple interest on Rs. 50 for 6 months at the rate of 10 paise per rupee per month = Rs. 30