Question

find interest. a) principal = rs. 2575. Rate = 10 per cent time = 73 days =73/365
it's answer is 2626.50 but how ​

Answer 1

Step-by-step explanation:

Since it is not mentioned in the question whether it is simple interest or compound interest, we assume that it is of simple interest.

Formula to find simple interest is :-

I = PRN/100

   where I= interest

              P=Principal

              R= Rate of interest

              N= Number of years

Applying the above formula,

I = (2575 * 10 * 73) / (100 * 365)

    1879750/36500

    51.5 Rupees

As per the answer given to you, it seems that the question was to find the final amount and not just the interest.

Amount = Principal + Interest

                2575+51.5

                2625.50

This is how 2625.50 is given as answer to you...!