Question

4. The simple interest on Rs. 5000 for 219 days at 4% per annum is
a) Rs 126.50 b) Rs 120
c) Rs 125
d) Rs. 43.80​

Answer 1

Answer:

The answer is rs. 120.

The explanation is given in the above attachment

Answer 2

The simple interest on Rs. 5000 for 219 days at 4% per annum is b) Rs 120.

How to calculate simple interest ?

The formula for simple interest includes the product of principal amount, rate of interest per annum and time period in years.

$I=\frac{P*R*T}{100}$

In the above formula the variables denote the following terms,

• P is principal amount of money loaned by the lender to the debtor.
• R is the rate of interest per annum
• T is the time period in years for which the principal amount is loaned to the debtor.
• I is the final interest which is to be calculated for the amount loaned.

In this case, the number of years will be: 219/365 = 0.6 years.

Now putting the given values in the formula we get,

$I=\frac{5000*219*0.6}{100}$

I= Rs.120

Therefore, the simple interest to be paid is Rs.120.

To know more about simple interest see:

brainly.in/question/12533182

To know more about compound interest see:

brainly.in/question/1128320