find the simple interest on 3000 at 16% per on for the paid from 4th February 2010 to 16th June 2010
Answers
AnswEr :
we will calculate the time of Interest, 2010 was normal year that's why there will be 28 days in February, Now :
⇝ Total Time of Interest
⇝ Feb. + March + April + May + June
⇝ (28 - 4) + 31 + 30 + 31 + 16
⇝ 24 + 108
⇝ 132 Days
- changing it into Year
⇝
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• we will calculate Simple Interest Now :
⠀
∴ There will be Interst of Rs. 174 on sum.
Question :----
- we have to find simple interest ?
Given :----
- Principal = 3000
- Rate = 16%
- Time = 4th feb 2010 to 16th june 2010
Solution :----
First we have to calculate time :----
2010 is a simple year, that means february has = 28 days .
so ,
Total time = 24(feb) + 31(march) + 30(April) + 31(may) + 16(june) = 132 days .
in one simple year = 365 days .
so , time in years will be =( 132/365 ) years ..
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Now we know that,
⛬ we get, Rs. 173.58 Simple interest after given time .