4
Calculate simple interest on 7 3600 for 3 years 4 months at 8% per
annum.
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Answer:
SI= (P×R×T)÷100
P=73600
R= 8% per annum
Time= 3 years 4 months
: 4÷12=1/3
Total time= 10/3
SI= (73600×8×10/3)÷100
(588800×10/3)÷100
(5888000/3)÷100
5888000÷300
=19626.6667
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