Question

find the simple interest on rupees 7600 from 16 May 2013 to 9 October 2015 at 10% per annum​

Answer 1

Answer:

Simple Interest, S.I. = Rs. 1836.16

Step-by-step explanation:

Given:

Principal amount, (P) = 7600

Annual interest rate, (R) = 10%

Time, (T) = 2 years and 5 months = 2 + 5/12 = 2+0.416 = 2.416 years.

To Find:

Simple Interest, (S.I.)

Solution:

To find simple interest, we are using the formula given by, S.I. = P*R*T.

We need simple interest in terms of rupees and not in percentage.

Hence the formula is divided by 100,

S.I. = P*R*T/100

Where, P - Principal amount, R - Annual rate interest, T - Time

S.I. =  =    P*R*T/100=7600*10*2.416/100 =18316/100

Simple Interest, S.I. = Rs. 1,836.16

Simple Interest, S.I. = Rs. 1836.16

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Answer 2

Answer:

S.I= 1900

Step-by-step explanation:

S.I= Principal x Time x Rate.

                      100

S.I= 7600 x 2.5 x 10

                100

S.I= 1900