2. What is the simple interest due alter 120 days for 26,400 at 10%? Also find the amount for the same
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Step-by-step explanation:
given:
Principal = 26,400
Rate of interest = 10 %
To Find:
Find the simple interest due after 120 days for rs 26,400 at 10%
Solution:
Time = 120 days = 120 / 365 years
Principal = Rs. 26,400
Rate of interest = 10%
formula : SI P× T × R / 100
= 26,400 × 120× 10 / 36500
867. 945205479
Hence the simple interest due after 120 days for rs 26, 400 at 10% is Rs.867. 945205479
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