Question

Find the simple interest on rs 40 for 4 months at 4 paisa per rupee per month

Answer 1

Given

Principal amount = rs 40

Time period = 4 months = 1/3 year.

Rate = 4 rs / month or 4%

Solution

==>

We know that we apply the formula for finding S.I is

S.I = PRT/100

S.I =( 40 × 4 × 1)/( 3×100 )

S.I = rs 0.533

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