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Comparing Quantities — MATHS STD 7 — Question

Gujarat BoardEnglish MediumSTD 7MATHSComparing Quantities1 Mark
MCQ
Mark $(\checkmark)$ against the correct answer in the following:
The simple interest on Rs. $6250$ at $4\%$ per annum for $6$ months is:
  • ✓
    Rs. $125$
  • B
    Rs. $150$
  • C
    Rs. $175$
  • D
    Rs. $135$
✓

Answer

Correct option: A.
Rs. $125$
Rs. $125$
Princepal $= Rs. 6250$
Simple interest = $4\%$ per annum
Time $= 6$ months $=\frac12$ years
Simple interest $=\frac{\text{P}\times\text{r}\times\text{t}}{100}$
Simple interest $=\frac{6250\times4\times1}{100\times2}$
Simple interest $=\frac{250}{2}=\text{Rs. }125$

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