Find the simple interest on Rs 1507.25 at 5% per annum for the days from 3 July 1988 to 19 November 1988 ?
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answer is 28.7/- hai ok brother
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Answer:
Given
Principal (p) = $1507.25
Interest (I) = 5%
Time (T) = 140 days / 365 days/year = 0.383562 years. (Includeing 3 July and 19 November)
Now SI=?
We know SI=(P*T*R)/100
=(1507.25*0.383562*5)/100
=RS 28.9
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