find the simple interest on ₹1500 for 219 days at 6% per year
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The simple interest formula is
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 =
219 days =
Substitute the value in the formula,
Therefore, The simple interest is Rs.405.
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