Q VII. Choose the correct
alternative
1. Find the simple interest on Rs 1 point
7400 at 6.4% per annum for 3
and half years.
Rs 9064
Rs 1657.60
O Rs 7420
Answers
Answered by
0
Answer:
Rs. 1657.60
Step-by-step explanation:
Given:
Prinicpal , P = Rs. 7400
Rate, R = 6.4% p.a
Time = 3 1/2 years
Simple interest = ( P x T x R ) /100
= ( 7400 x 6.4 x 3 1/2) / 100
= ( 7400 x 64/ 10 x 7/2) / 100
= ( 7400 x 64 x 7 ) / ( 10 x 2 x 100)
= ( 74 x 64 x 7 ) / ( 10 x 2)
= ( 74 x 32 x 7 ) / 10
= 16576 / 10
= 1657.6
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