Question

find the amount and simple interest paid on sum Rs.45000 at interest of 9 % annum for 73 days​

Answer 1

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Answer 2

Given :-

• Sum = Rs.45000
• Rate = 9 % per annum.
• Time = 73 days.

To Find :-

• Amount and simple interest paid. ?

Solution :-

Time Period is given as 73 days. ..

So,

→ 365 days = 1 year.

→ 1 day = (1/365) year.

→ 73 days = (1/365) * 73 = (1/5) years.

Than, from given data now, we have ,

→ Sum = Rs.45000 = Principal.

→ Rate of interest = 9% per annum.

→ Time Period = (1/5) years.

we know that,

→ Simple interest = (Principal * Rate * Time) / 100

Putting all values now, we get,

→ SI = {45000 * 9 * (1/5)} / 100

→ SI = (45000 * 9 * 1) / (100 * 5)

→ SI = (450 * 9) / 5

→ SI = 90 * 9

→ SI = Rs.810 (Ans.)

Therefore,

→ Amount = Principal + Simple interest .

→ Amount = 45000 + 810

→ Amount = Rs.45,810 (Ans.)

Hence, the simple interest paid on given sum is Rs.810 and amount after given time is Rs.45,810.

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