2. Find the simple interest on 8600 from 18th October, 2006 to 13th March, 2007 at 8% per annum
(70) 758400 for 75 days at 6% per annum
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Answer:
Step-by-step explanation:
(1) The simple interest on 8600 from 18th October, 2006 to 13th March, 2007 at 8% per annum
Principle = p = 8,600
Rate = r = 8%
Time = t = from 18th October, 2006 to 13th March, 2007
Time = 146 days [i.e. 31 + 30 + 31 + 31 + 23]
SI = P × I × T
SI = 8,600 × 8% × (¹⁴⁶/₃₆₅)
SI = 275.20
(2) The simple interest on 758400 for 75 days at 6% per annum
Principle = p = 7,58,400
Rate = 6%
Time = 75 days
SI = P × I × T
SI = 7,58,400 × 6% × (⁷⁵/₃₆₅)
SI = 9,350
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