Find the simple interest on 8,500 from 12th October, 1999 to 6th March, 2,000 at
15% per annum
.
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principal = Rs 8500
Rate =15%
Time = 12th october 1999 to 6th march 2000
October = 19
November = 80
December = 31
January = 31
February = 29
March = 6/146 days
then,
time = 146/365
= 2 years/5
simple interest = P*R*T/100
SI = 8500*15*2/100
= 510
Hence simple interset is 510
I hope my solution is easy for you
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