pls help me answer this
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Answered by
12
Given :-
- Principal = Rs.975,400
- Rate = 2.1%
- Time = 1 year 4 months
To Find :-
- Simple interest .
Formula used :--
- Simple interest = P * R * T /100
- 12 months = 1 year .
Solution :--
Time = 1 year + 4 months = 1 + 4/12 = 1 + 1/3 = (4/3) years .
Putting values in above told formula we get,
→ Simple interest = (975400 * 2.1 * 4) / (100 * 3)
→ Simple interest = Rs.27311.2
Hence, our Required simple interest will be Rs.27311.2 .
Answered by
3
Answer:
12months=1year
4 months=1/3years
P=₹975,400
R=2.1%
t=1+1/3=4/3
SI=PRT/100
SI=975400×21×4/1000×3
SI=27311.2
SI=27311.2
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