find the simple interest on Rs.1000 from apr 9,2010 to june 9,2010 at 7 1/2% per annum.plz xpln it.
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Answer:
Principal amount (p) = Rs.1000
Rate (r) = 7.5% p.a.
Time (t)
= Apr 9,2010 to June 9,2010
= (May 30 days) + (30 - 9 days of Apr)
+ (9 days of June)
= 30 + 21 + 9
= 60 days
= 60/365 yrs i.e. 12/73
Simple Interest
= (p × r × t) / 100
= [1000 × 7.5 × (12/73)] / 100
= Rs.12.33 (approx.) [Ans]
Hope my answer helped you, cheers :)
Answered by
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9 apr 2010 to 9 jun 2010 = 60 days
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