If = 1000 . , = 10%, = 3 . Then simple interest is ________.
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Answer:
Principal =Rs.1000, Rate of Interest =10% per annum and Time =73 days
Correct option is A)
Given:
Principal =Rs.1000
Rate =10% p.a.
Time =73 days
Here; 365 days =1 year
1 day =
365
1
year
73 days =
365
73
year
=
5
1
year
So, simple interest =
100
P×R×T
=Rs.
100
1000×10×
5
1
=Rs.20
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