Rs 1360 for 1 year 4 months at 1.25% per month find simple interest
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Hi,
According to the problem given,
Principal = p = Rs 1360
Time = 1 yr 4 months = 12 + 4 = 16 months
Rate of interest = r = 1.25% per month
Simple interest = ptr / 100
I = (1360 × 16 × 1.25 ) / 100
After cancellation , we get
I = Rs 272
Therefore ,
Required simple interest = l = Rs 272
I hope this helps you.
:)
According to the problem given,
Principal = p = Rs 1360
Time = 1 yr 4 months = 12 + 4 = 16 months
Rate of interest = r = 1.25% per month
Simple interest = ptr / 100
I = (1360 × 16 × 1.25 ) / 100
After cancellation , we get
I = Rs 272
Therefore ,
Required simple interest = l = Rs 272
I hope this helps you.
:)
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