Question

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

Answer 1

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. = $\frac{P*R*T}{100}$

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

• S.I. = $\frac{P*R*T}{100}$ = $\frac{7600*10*2.416}{100} = \frac{183616}{100}$   
• Simple Interest, S.I. = Rs. 1,836.16

Simple Interest, S.I. = Rs. 1836.16

Answer 2

Answer:

₹304

sir/ mam please understand the question you answer is wrong Answer is ₹ 304