Rs 10000 from 8th may to 26 november 10% ?
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To calculate the interest on Rs 10,000 at a rate of 10% from May 8th to November 26th, you need to know the duration of the investment in terms of months or years. Assuming you want to calculate the interest over a period of 6 months, here's how you can calculate it:
Step 1: Determine the time duration in years
To calculate the interest for a 6-month period, divide the duration by 12 months:
6 months ÷ 12 months = 0.5 years
Step 2: Calculate the interest using the formula
The formula to calculate simple interest is:
Interest = (Principal × Rate × Time)
Let's plug in the values:
Principal (P) = Rs 10,000
Rate (R) = 10% (or 0.1 as a decimal)
Time (T) = 0.5 years
Interest = (10,000 × 0.1 × 0.5)
= 500
Therefore, the interest earned on Rs 10,000 at a rate of 10% for a duration of 6 months would be Rs 500.