find the simple interest on ₹450at 6percent per annum from August 4to October 16
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Answer:
450 at 6% per annum from August 4 to October 16. To find : The simple interest ... Therefore, the simple interest is Rs. 6.73.
Explanation:
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We all know that S.I.=PRT/100
So,here,
Principal=Rs.450
Rate=6%
Time=73days(from august 4 to October 16)
Therefore, S.I.=Rs.(450×6/100×73/365)(1yr=365days)| =Rs.(9×3/5)
=Rs.(27/5)
=Rs.5.4
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