find the simple interest on rupees 8600 from 18th october 2006 to 13th march 2007 at 8% per annum also find the amount
Answers
Answer:
Given : Rs.8600 from 18th October,2006 to 13th march ,2007 at 8%per annum.
To find : The simple interest ?
Solution :
Applying simple interest formula,
SI=P\times R\times TSI=P×R×T
Where, P is the principal P=Rs.8600
R is the interest rate R=8%=0.08
T is the time from 18th October,2006 to 13th march ,2007 T=146 days
Convert into years,
1 day = \frac{1}{365}3651 year
146 day = \frac{146}{365}365146 year
Substitute the value in the formula,
SI=8600\times 0.08\times \frac{146}{365}SI=8600×0.08×365146
SI=275.2SI=275.2
Therefore, the simple interest is Rs.275.2.
#Learn more
Find simple interest of 3000 at 8.5 for 2 year
brainly.in/question/2722228
Answer:
We have :
Time = 146 days
Principal = ₹8600
Rate = 8%
S.I. = P×R×T/100
= ₹ 8600×8×146 / 100×365
= ₹275.20
Amount = Prinipal + S.I.
= ₹ 8600+₹275.2
= 8875.20
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