principal 2000 rate 10% P.a and time =73 days
Plz give me the answer with explanation
Answer is 40 or 2040 but i want the explanation plz guys
Answers
Answered by
1
Answer:
Explanation:
Given Principal = Rs 1000, Rate of Interest = 10% per annum and Time = 73 days = (73/365) days We know that simple interest = (P × T × R)/100 On substituting these values in above equation we get SI = (1000 × (73/365) × 10)/100 SI = (1000 × 73 × 10)/100 × 365 = Rs 20
Answered by
1
pls see carefully
PRINCIPAL = 2000
RATE OF INTEREST = 10%P.C.P.A
TIME (N)= 73daysmean
1month =31;28;30days
suppose
jan - 30 days(73-30=43)
feb - 28 days(43-28=15)
march -15/30=1/2=0.5 days (15-15=0)
adding
= 1month + 1 month +1/2month
=2.5months
it means 2.5months
therefore n =2.5
SI = P×R×N/100
= 2000×10×2.5/100
=20×25
= 500
THEREFORE SI INTEREST IS RS 500 ONLY
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