Find the simple interest on rs 4500 at 9% per annum for 73 days. Also find the amount (Hint: 1 year = 365 days)
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Answer:
Rs. 4572
Step-by-step explanation:
Principle = Rs. 4500
Rate = 8% p.a
Time = 73/365 = 1/5 year
SI = (PRT)/100
= 4500 x 8/100 x 1/5 = 72
Therefore
Simple interest = Rs. 72
Amount = P + SI = 4500 + 72 = Rs. 4572
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