find the simple simple interest of rupees 6500 at 8% from 5 January 2015 to 9 March 2015
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11 According to the problem, The principal amount is 6500. The rate of interest is 8%. The time period is 73 days. Now the formula for simple interest is as follows, S.I. = prt / 100 *365 = 6500 * 8 * 73 / 100 * 365 = 104 %3| Therefore Simple Interest will be 104.
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January- 27 ( including 5th Jan) + February - 28 days + March - 18 days (Here 19 is not included as the amount is paid on that day)
Total days - 73
Time = 73/365, Principal= 6,500 Rate= 8%
SI = (P x R x T)/100
= (6500 x 8 x 73/365)/100
= 104
Hence SI is Rs. 104
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