Find the simple interest on ₹6,500 at 8% from 5 january 2015 to 19 march 2015
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Answer:
We know
Simple interest = P*R*T/100
given that P = 6500
R = 8%
t = 19 march - 5 January = 73 days = 73 / 365 years
Simple interest = 6500 * 8 * 73 / 365*100 = ₹104
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