Question

Find the simple interest on rs 6000 from 16 may 2010 to 9 october 2010 at 10% per annum.

Answer 1

Find the simple intrest on 7600 from 16 may, 2013 to 9 october , 2015 at 10% anum

Answer 2

The interest charged will be Rs. 246.067.

Given:

Principal amount = Rs. 6000

Interest rate = 10% per annum

Duration: 16th May 2010 to 9th October 2010

To Find:

simple interest on the given amount

Solution:

Now, from 16th May to 16th September, there are 4 months.

Further, from 16th September to 9th October, there are 24 Days.

Thus, interest will be charged for 4 months and 24 days or 146 days.

Now, the simple interest will be calculated as:

SI = 6000 × 10/100 × 146/356

= 600 × 73/178

= 246.067

Thus, the interest charged will be Rs. 246.067.

#SPJ3