Find the simple interest on Rs 1500 at 8% per annum from 15 March 2017 to August 2017.
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Answer:
Given, <br> Principal (P)=Rs. 7300, <br> Rate (R )=15% and <br> Time period (T)=April 28 to November 4=190 days
=(190)/(365)
years <br>
therefore
Simple interst
=(PTR)/(100)=(7300xx(190)/(365)xx15)/(100)=570
<br> Hence, simple interest =Rs. 570.
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