Question

Find the S.I on Rs 1507.25at 5% per annum period from 3 July to 19 November ​

Answer 1

Simple Intrest for one year is ₹75.3625

Simple interest from 3 July to 19 November is ₹28.70

Step-by-step explanation:

GIVEN

Principal = 1507.25

Rate of Interest = 5%

Time = 1 year

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Simple Interest= P x R x T ÷ 100

Simple Intrest = 1507.25 × 5 × 1 ÷ 100

Simple Intrest = 7,536.25 ÷ 100

Simple Intrest = 75.3625

Simple Intrest for one year is ₹75.3625

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To find the simple interest from 3 July to 19 November

We know that In one year there are 365

There are 139 days between 3 July to 19 November

To find the interest from 3 July to 19 November

75.3625 ÷ 365 = per day simple interest

0.206472603 per day interest

0.206472603 × 139 = Simple interest from 3 July to 19 November

28.6996918 = 28.70 = Simple interest from 3 July to 19 November

Simple interest from 3 July to 19 November is ₹28.70