find the amount of rupees 2400 from 18th February 2011 to 14th July 2011 at 12 ½% per annum simple interest.
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Answer:
Step-by-step explanation:
Principle = p = 2,400
Rate of interest = 12%
Time = 146 days
SI = P × I × T
SI = 2,400 × 12% × ¹⁴⁶/₃₆₅
SI = 115.2
Hence the simple interest for 2,400 for 146 days at 12% is 115
Amt = Principle + SI
Amt = 2,400 + 115 = 2,515
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