Question

if principal amount is $3125 and rate is 15% time is 73 days..how to find simple intrest

Answer 1

S.I. = (3125×15×73)/(100×365) =$93.75

Answer 2

According to the information supplied in the question.

We have the following details in the above query.

The given value is amount that is $3125.

The interest rate is set at 15%.

The time span is 73 days.

We must calculate the simple interest on the provided sum.

Here we have to use the formula of simple interest $SI=\frac{PRT}{100}$ .

So, the simple interest of given amount is as follow,

$SI=\frac{PRT}{100}$

Substitute the given value in the above equation we get,

$=\frac{3125\times 15\times \frac{73}{365} }{100}\\=\frac{9375}{100}$

=$93.75

Therefore the simple interest on given amount is $93.75