Question

= 1. Find the simple interest and the amount in the following cases. (i) Principal = 6750, rate = 9 1/3% p.a., and time = 3 years and 2 months​

Answer 1

Answer:

ifThe simple interest is Rs.405.

Step-by-step explanation:

Given : The amount due on Rs. 6,750 for 219 days at 10 % per annum.

To find : The simple interest ?

Solution :

The simple interest formula is

SI=P\times R\times TSI=P×R×T

Where,

P is the principal value P=Rs.6750

R is the interest rate R=10%=0.1

T is the time =219 days

We know, 1 year = 365 days

1 day = \frac{1}{365}

365

1

year

219 days = \frac{219}{365}

365

219

year

Substitute the value in the formula,

SI=6750\times0.1\times \frac{219}{365}SI=6750×0.1×

365

219

SI=405SI=405

Therefore, The simple interest is Rs.405.

Answer 2

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