Question

find the simple interest on Rs.8600 from 18th october,2006 to 13th march ,2007 at 8%per annum​

Answer 1

The simple interest is Rs.275.2.

Step-by-step explanation:

Given : Rs.8600 from 18th October,2006 to 13th march ,2007 at 8%per annum​.

To find : The simple interest ?

Solution :

Applying simple interest formula,

$SI=P\times R\times T$

Where, P is the principal P=Rs.8600

R is the interest rate R=8%=0.08

T is the time from 18th October,2006 to 13th march ,2007​ T=146 days

Convert into years,

1 day = $\frac{1}{365}$ year

146 day = $\frac{146}{365}$ year

Substitute the value in the formula,

$SI=8600\times 0.08\times \frac{146}{365}$

$SI=275.2$

Therefore, the simple interest is Rs.275.2.

#Learn more

Find simple interest of 3000 at 8.5 for 2 year

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Answer 2

Answer:

We have :

Time = 146 days

Principal = ₹8600

Rate = 8%

S.I. = P×R×T/100

= ₹ 8600×8×146 / 100×365

= ₹275.20

Amount = Prinipal + S.I.

= ₹ 8600+₹275.2

= 8875.20

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