ragni deposited 2400 rupees in a bank on 11 jan 2019 and was repaid on 6 june 2019 at the rate of simple intrest 15/2% find her intrest and amount
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- Principal = ₹ 2400
- Time from 11 january to 6 june
= 146 days
- Interest rate = 15/2%
Actual time = 365/146 year.
Since there are 365 days in a year.
=> 365 days are equal to = 1 year
=> 146 days are equal to = 365/146
- Principal = ₹ 2400
- Time = 365/146 year
- Interest rate = 15/2%
[ To find S| ]
$| = P × R × T
100
$| = 2400 × 15 × 365
100 × 2 × 146
$| = ₹ 450
Now:-
Amount = Pricipal + SI
Amount = ₹ 2400 + 450
Amount = ₹ 2850
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