Maths · Arithmetic and Geometric progressions
Find the simple interest if per six months years.
Find the simple interest if \( P=R s .500, R \) \( =2 \% \) per six months \( \& \mathrm{T}=2 \frac{1}{2} \) years.
- A. Rs. 20
- B. Rs. 25
- C. Rs. 40
- D. Rs. 50
Step-by-step solution
Given P=500, R=2% per six months, T=2.5 years. Since 2.5 years = 5 six-month periods, SI = (500 * 2 * 5)/100 = 50. Alternatively, annual rate = 4%, so SI = (500 * 4 * 2.5)/100 = 50. Thus simple interest is Rs. 50.
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