Find the simple interest on 10,000 for 1 year 4 months at the rate of 72 %p.a.?
Answers
Answered by
0
Answer:
₹9,600
Step-by-step explanation:
T = 1 year 4 months = 1 4/12 = 1 1/3 = 4/3 years
Simple Interest = P x R x T/100
∴ 10000 x 72 x 4/100 x 3 = 100 x 24 x 4 (via simplification) = ₹9,600
Answered by
3
Before, finding the answer. Let's find out on how we can find the answer.
- To find the Simple Interest, we must use the formula of :
- where, we have to multiply Principal, rate and time. Then, divide it by 100.
_________________________
Given :
- Principal = 10,000
To find :
- Simple Interest
Solution :
= 10000*72*4/3 whole by 100
= 100*72*4/3
= 100*24*4
= 100*96
= 9600
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