Question

A sum of ₹876 was lent at 4% simple interest.what is the interest to be paid after 8 months ?​

Answer 1

Step-by-step explanation:

Principal(P)=₹876

Rate of interest(R)=4%p.a.

Time(T)=8 months=8/12=2/3 years

S.I=P*R*T/100

=876*4*2/3*100

=584/25

=23.36