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Mathematics

The compound interest on ₹ 5000 at 10% per annum and in 6 months amounts to :

  1. ₹ 5500

  2. ₹ 250

  3. ₹ 600

  4. ₹ 2500

Compound Interest

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Answer

Given,

P = ₹ 5000

T = 6 months or 12\dfrac{1}{2} years

R = 10%

Interest = P×R×T100=5000×10×12100\dfrac{P \times R \times T}{100} = \dfrac{5000 \times 10 \times \dfrac{1}{2}}{100} = ₹ 250.

Hence, Option 2 is the correct option.

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