Question

find the simple interest on RS .6500 at 8% from 27 December 2020 to 10 March 2021​

Answer 1

Answer:

According to the problem,

The principal amount is 6500.

The rate of interest is 8%.

The time period is 73 days.

Now the formula for simple interest is as follows,

S.I. =  prt / 100 *365

= 6500 * 8 * 73 / 100 * 365

= 104

Therefore Simple Interest will be 104.

Step-by-step explanation: