Question

find the simple interest on rupees 10000 from 1 July to 12 september 2007 at 5% per year calculate the interest​

Answer 1

Answer:

We know that Rs.600

T= July 12 to Dec. 5

July =12 days, Aug =31 days, Sep. =30 days Oct =31 days, Nov =30 days, Dec.=05 days

Total =146 days

So, T=146/365 years =2/5 years

R=10% p.a

Here S.I =(P×R×T)/100

Substituting the values

=(600×10×2)/(100×5)

=Rs.24

Amount =P+S.I

Substituting the values=600+24=Rs.624