Question

Find the simple interest on rs 3500 at the rate of 5/2% per annum of 165 days

Answer 1

Principal = Rs. 3500

Rate=5/2 %

Time=165 days=165/365 year=33/73

S.I.=3500*5*33/200*73

    =Rs. 3955.47

Answer 2

The simple interest for 165 days will be -

Given data :

Principal amount = ₹3500

Time = 165/365 = 33/73 days

Percentage = 5/2 %

So,the simple interest will be,

= P×R×T [P= principal amount, R = percentage, T = Time ] = (3500×5/2×33/73) = ₹3955.47

(answer)