Question

26. Find the simple interest on Rs. 640 from 170 days at 5%PA?
O A. Rs. 15
OB. Rs. 13
O C. Rs. 17
O D. Rs. 18

Answer 1

Answer:

15 this answer useful to you

Answer 2

Given:

Principal amount ( P ) = 640

Rate ( R ) = 5 %

Time  ( T ) = 170 days = 170/365 year = 0.47 years

To find:

Simple interest ?

Solution:

We know that simple interest is calculated using below formula

= ( principal amount × rate × time ) / 100

= ( P × T × R )/ 100

= ( 640 × 0.47 × 5 ) / 100

=  15

Hence the simple interest is 15.