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
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Step-by-step 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
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