Find simple interest if principal= 5000 rate = 9%p.a. time = 146 days
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par time years me aata hai
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Given :-
- Principal (P) = Rs 5000
- Rate (R) = 9% p.a
- Time (T) = 146days = 146/365 years
To Find :-
- Simple Interest
Solution :-
➞ Simple Interest = P × R × T / 100
➞ S.I = 5000 × 9 × 146 / 100 × 365
➞ S.I = 50 × 9 × 146 / 365
➞ S.I = 50 × 9 × 1 / 2.5
➞ S.I = 450 / 2.5
➞ Simple Interest = Rs 180
Thus Simple Interest is Rs 180
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★ Additional Info :
- Principal: The money which we deposit in or the lower from the bank or the money learned called the principal.
- Rate of interest: The interest paid on Rs, 100 for one year is called the rate per cent per year or rate per cent per annum.
- Time: The period of time for which the money is lent or invested.
- Interest: Additional money paid by the borrowed to the lender for using the money is called interest.
- Simple Interest: If the interest is calculated uniformly on the original principal throughout the lone period, it is called simple interest.
- Amount: The total money paid back to the lender is called the amount.
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