Question

find the simple interest on ₹1500 for 219 days at 6% per year​

Answer 1

The simple interest formula is

$\sf{SI=P\times R\times T}$

Where,

P is the principal value P=Rs.6750

R is the interest rate R=10%=0.1

T is the time =219 days

We know, 1 year = 365 days

1 day = $\sf{\frac{1}{365} year}$

219 days = $\sf{\frac{219}{365}year}$

Substitute the value in the formula,

$\sf{SI=6750\times0.1\times \frac{219}{365}}$

Therefore, The simple interest is Rs.405.