Question

Mark (✓) against the correct answer
The simple interest on $Rs.6250$ at $4\%$ per annum for $6$ months is
(a) $Rs.125$
(b) $Rs.150$
(c) $Rs.175$
(d) $Rs.135$

Answer 1

The correct option is $\left(a\right)Rs.125$

Principal $=Rs.6250$

Rate $=4\%$ per annum

Time $=6$ months $=\frac{1}{2}$ years

Simple Interest $=\frac{P\times R\times T}{100}$

$=\frac{6250\times 4\times 1}{100\times 2}$

$=\frac{250}{2}=Rs.125$