Find the simple interest on Rs 1000 from 2nd july to 12 september 2006 at 4% per years?
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Answer:
Step-by-step explanation:
P=1000
R=4% per annum(year)
T= 2months 10days=70 days (almost 1/5 of a year)
simple interest=PRT/100
=(1000*4*70/365)/100
I = Rs.7.67
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