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Ram borrows Rs. 520 from Gaurav at a simple interest of 13% per annum. What amount of money should Ram pay to Gaurav after 6 months to be absolved of the debt?

a) Rs. 353.80
b) Rs. 453.80
c) Rs. 552.80
d) Rs. 553.80

Answer: d
Explanation:
$$\eqalign{ & {\text{P}} = {\text{Rs}}.\,520 \cr & {\text{R}} = 13\% \cr & {\text{T}} = \frac{1}{2}yr. \cr & {\text{S}}{\text{.I}}{\text{.}} = {\text{Rs}}{\text{.}}\left( {\frac{{520 \times 13}}{{100 \times 2}}} \right) \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{. }}33.80 \cr & {\text{Amount after 6 months}} \cr & = {\text{Rs}}{\text{. }}\left( {520 + 33.80} \right) \cr & = {\text{Rs}}{\text{. }}553.80 \cr} $$

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