Multiple choice

Find the simple interest on Rs. 50 for 6 months at the rate of 10 paise per rupee per month.

  1. Rs. 35

  2. Rs. 40

  3. Rs. 25

  4. Rs. 30

  5. NA
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Principal = 50. Rate = 10 paise per rupee per month = 10% per month. Time = 6 months. Simple Interest = (P * R * T) / 100 = (50 * 10 * 6) / 100 = 30.

AI explanation

An interest rate of 10 paise per rupee per month equates to 10% per month. Using the simple interest formula (Principal * Rate * Time) / 100, the interest is calculated as (50 * 10 * 6) / 100 because the time period is 6 months. This calculation results in a total interest of Rs. 30.

Keep practicing — related questions