Question

3. Find the interest
a interest on 2400 at 1 § % per annum for a period of 2 years and 4 months.
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Answer 1

Answer:

Given Principal (P) = Rs. 2400 Rate (R) = 9%

Time (T) = 3 years 5 months and 15 days =

24

83

years

To find simple interest and he amount Simple interest =

100

PRT

=Rs.2400×

100

9

×

24

83

=Rs.747

And the amount = Rs.2400 + Rs. 747 = Rs. 3147