Question

Codi borrows rupees 10000 for 120 days at 10% simple interest per year from his friend Lorentz for admission of his son in the school. find the interest he has to pay his friend after 120 days.

Answer 1

Answer:

principal=10000

Rate of interest=10%

Time=120days=120/365=24/73

SI=p×R/100×T

=10000×10/100×24/73

=24000/73

=328•76

Answer 2

Answer:

Principal= Rs10,000

Time= 120days =(120/365)yrs=(24/73) yrs

Rate of interest= 10%

S.I.=Rs(10000×10×24/100×73)

=Rs 24000/73

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