Accountancy, asked by Sparshgmailcom8445, 1 year ago

Find the simple interest on the rs 2000 at 25/4 % per annum

Answers

Answered by Spriha23
3
One thing which is tricky in this question is to calculate the number of days.
Always remember that the day on which money is deposited is not counted while the day on which money is withdrawn is counted. 
So lets calculate the number of days now,
Time = (24+31+18) days = 73/365 years = 1/5 years
P = 2000
R = 25/4%

\begin{aligned}
\text{ S.I. = } = \frac{2000 \times 25 }{4 \times 5 \times 100} = 25
\end{aligned}
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