find the simple interest on a loan of rs 500 at the rate of 10percent per annum for 73 days
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Step-by-step explanation:
Here
P: Rs 500
R: 10%
T: 73/365 (to convert into year)
SI : PRT/100
500*10*73/*365
=Rs10
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Answered by
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ANSWER ------------» ₹10
============================
EXPLANATION ------------»
=============================
=> PRINCIPAL = ₹ 500
=> RATE OF INTREST = 10% P.A
=> TIME (PERIOD) = 73 Days (73/365)
====================================
=> GIVEN,
=> P = ₹500
=> R = 10% P.A
=> T = 73/365 Days
====================================
SIMPLE INTREST = P × R × T / 100
=> 500 × 10 × 73 / 100 = ₹10
====================================
Hence, SIMPLE INTREST => ₹10
====================================
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