find the simple interest on rupees 6500 at 8 percent from 5 January 2015 to 19 March 2015
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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.
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