Question

Find the simple interest for 4months on a principal amount of 600at 5% rate of interest per annum​

Answer 1

4 months = 4/12 years , also = 1/3 years

Now put these value in the formula used to calculate simple interest i.e

SI = p x r x t /100

Here p=600
R= 5
And t=1/3

So you will have equation: SI= (600 X 5 X1/3)/ 100

Which is equal to 10

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