Question

Find the simple interest on Rs 68.000 at 16 (2/3) % per annum for a period of 9 months?​

Answer 1

FINAL ANSWER:-

Total Amount  =  73182.96

Interest Amount  =  5182.96

GIVEN:-

at 16 (2/3) % per annum

interest on Rs 68.000

period of 9 months

TO FIND:-

the simple interest

FORMULA USED:

$SI=\frac{P * R * T}{100}$

VALUES:-

P =  Rs 68.000

R =  16 (2/3) % = 10.3 %

T = $\frac{9}{12}$ months = 0.74 of year                            

SOLUTION:-

as we know that $SI=\frac{P * R * T}{100}$

∴ $SI=\frac{P * R * T}{100}$

       $= \frac{6800*10.3*0.74}{100}$

             Total Amount  =  73182.96

             Interest Amount  =  5182.96

       

Answer 2

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