Q.At an annual simple interest rate of \(\cfrac{r}{2}\%\), the amount after \(t\) years on ₹\(2p\) becomes \(\left(2p + \cfrac{prt}{100}\right)\).

The statement is true.

\[ I = \cfrac{2p \times t \times \cfrac{r}{2}}{100} = \cfrac{ptr}{100} \] \[ \therefore \text{Amount (Principal + Interest)} = \left(2p + \cfrac{prt}{100}\right) rupees. \]
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