Question

find the simple interest on rupees 7300 from 10 may 2017 to 10 September 2017 of 5 percent per annum​

Answer 1

Answer:

Simple Interest is Rs 124

Step-by-step explanation:

Simple Interest formula is

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

where, P = Principal amount, R = Rate of interest and T = Time in years

We have

P = Rs 7300

Rate, R = 5% per annum

Time = 22(May) + 30 (June) + 31 (July) + 31(August) + 10 (September) = 124 days

Thus, time in year, $T = \frac{124}{365}\hspace{0.1cm}year$

Substituting the values in formula for Simple Interest, we get

$SI = \frac{7300 \times 5 \times 124}{100 \times 365}\\\\ SI = \frac{4526000}{36500}\\\\SI = \frac{45260}{365}\\\\SI = 124$

Answer 2

Answer:

Simple Interest is Rs 124

Step-by-step explanation:

Simple Interest formula is

where, P = Principal amount, R = Rate of interest and T = Time in years

We have

P = Rs 7300

Rate, R = 5% per annum

Time = 22(May) + 30 (June) + 31 (July) + 31(August) + 10 (September) = 124 days

Thus, time in year, 124/365 years...