Find simple interest on :
Rs 19,200 for 11 months at 9 3/4 % per ammun
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Answer:
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Step-by-step explanation:
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Given:
- Principal = Rs. 19,200
- Time = 11 months = year
- Rate = =
To Find:
Simple Interest.
Solution:
Using the formula,
⇒
Substitute the values,
⇒
Cancel the zeros,
⇒
Cancel 192 and 12,
⇒
Cancel 16 and 4,
⇒
Multiply the numbers
⇒ SI = Rs. 1,716
∴ Therefore the simple interest is Rs. 1,716.
Formula Used:
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