Math, asked by sc7695821, 2 months ago

calculate is the simple interest on rupees 10824 and 8 months at the rate of 7.75 percent per annum​

Answers

Answered by StormEyes
2

Solution!!

The concept of simple interest has to be used here. The principal, rate of interest and time is given in the question. We have to find the simple interest.

Principal (P) = Rs 10824

Rate of interest (R) = 7.75%

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

The time is given in months so we had to convert it in years.

Now, let's use the appropriate formula and find the simple interest.

Interest = (P × R × T)/100

Interest = (10824 × 7.75 × (2/3))/100

Interest = (3608 × 7.75 × 2)/100

Interest = (7216 × 7.75)/100

Interest = 55924/100

Interest = Rs 559.24

Hence, the simple interest is Rs 559.24!!

The questioner may further ask you to find the amount also. So, here's how you can find it.

Amount = Principal + Interest

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