Question

Principal=rupees 9600,Rate=2.5%p.a. and time=126 days​

Answer 1

Answer:

Given:- P=Rs.9600,R=721%p.a.=(15/2) and time=5months=(5/12)years

If interest is calculated uniformly on the original principal throughout the loan period, it is called simple interest.

SI=(P×R×T)/100

=(9600×(15/2)×(5/12))/100

=9600×(15/2)×(5/12)×(1/100)

=(9600×15×5×1)/(2×12×100)

=(96×15×5×1)/(2×12)

=(7200)/(24)

Rs.300

Amount=(principal+SI)

=(9600+300)

=Rs.9900