calculate the SI on rupees 12000 at 6% p.a for 146 days
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Rs. 1200 at 6 percent per annum for 146 days.
To find : The interest ?
Solution :
The interest formula is defined as
Where, P is the principal P=Rs.1200
R is the interest rate R=6%=0.06
T is the time T=146 days
Converting days into year,
1 year = 365 days
1 day = year
146 days = year
Substitute the value in the formula,
I=1200X0.06X146÷365
I=28.8
Therefore, The interest is Rs.28.8 per year.
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