Question

Find the simple interest and amount on rs 900 from 7th February 2015 to 2nd July 2015 at 2.5% per annum.

Answer 1

Answer:

principal =₹900

rate of interest =2.5%

time=7th Feb 2015 to 2nd July 2015=145 days

=145/365=29/73

simple interest =PTR/100

=900×29×25/100×73×10

=₹8.93

Amount =900+8.93=₹908.93