Question

Find the simple interest ,if p=400 R=3.65 percent per annum and time =150 days

Answer 1

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PRINCIPLE = 400 RS

RATE OF INTEREST = 3.65 %

PERIOD = 150DAYS....

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NOW CONVERT THE PERIOD FROM DAYS INTO MONTHS....

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IN A MONTH THERE ARE 30 DAYS ..

SO 150/30

5 MONTHS....

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NOW WE HAVE TO TAKE IT IN YEAR ....

THUS IN ONE YEAR THERE ARE 12 MONTHS....

SO THE PERIOD IS NOW....

5/12 YRS....

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SIMPLE INTEREST = PNR / 100

400 * 5 / 12 * 3.65 / 100

400 * 3.65 * 5 / 12 * 100

6.083.....rs....

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Answer 2

Given,

Principle (P) = Rs 400

Rate (R)= 3.65 p.a.

Time (N or T) = 150 day

Now we have to convert Days to Months and we know that in One month there is 30 days.

=> 150/30 Months = 5 Months

In 1 year = 12 months

So,

=> 5/12 year

Now as we know,

Simple Interest is denoted by S.I

So,

S.I = PRN/100 or PRT/100

S.I = Rs 400 x 3.65 x 5/12 x100

S.I = Rs 7300/1200

Therefore,

S.I = 6.08333

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