Question

find the simple interest on a sum of rupees 6250 @ 12% per annum for 73 days

Answer 1

$\textsf{\underline{\underline{Answer :-}}}$

The Simple Interest is Rs.150

$\textsf{\underline{\underline{Explanation :-}}}$

$\text{\underline{Given :}}$

Money = Rs.6250

Rate of interest = 12%

For = 73 days

$\text{\underline{To find :}}$

The Simple Interest

$\text{\underline{Solution :}}$

$\star$ As we know :

$\boxed{\tt{SI = \frac{Principal \times Rate \times Time}{100}}}$

Principal = 6250

Rate = 12 %

Time = 1/5 (73 days of a normal year)

$\tt{\implies}SI = \dfrac{6250 \times 12 \times \frac{1}{5} }{100}$

$\tt{\implies}SI = \dfrac{1250 \times 12 }{100}$

$\tt{\implies}SI = \dfrac{15000}{100}$

$\tt{\implies}SI = \dfrac{150{\cancel{00}}}{1{\cancel{00}}}$

$\tt{\implies}SI = 150$

$\boxed{\tt{\red{SI = 150}}}$

$\therefore$ The Simple Interest is Rs.150