Question
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Question Palette
Find the simple interest on ₹6,500 for six months at 8% per annum.
Correct Option:
A
Explanation
Use:
SI = (P × R × T) / 100
Here, P = 6500, R = 8%, and 6 months = 0.5 year.
SI = (6500 × 8 × 0.5) / 100 = 260
So the answer is ₹260.
Exam trap: Some old answer keys incorrectly print ₹3,120. That would correspond to treating 6 months as 6 years.
