Find the simple interest on ₹ 6500 at 8% from 5january2015 to march 2015
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Answer:
According to the problem,
P = 6500.
R = 8%.
T = 73 days.= 73/365
Now the formula for simple interest is as follows,
S.I. = PRT / 100 *365
= 6500×8×73 / 100×365
= 104
Therefore Simple Interest is 104.
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