Find the simple interest on rs. 4000 at 16% per annum for the period from 6th february 2011 to 20th april 2011
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Answer:
Rs.128
Step-by-step explanation:
Principle=Rs.4000
Rate of Interest=16%
time={(28-6)+31+20}days =73days
=73/365 days=1/5years
S.I.= PRT/100
=Rs.(4000×16×1/5)/100
=Rs.128
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