Question

simple interest on 3500 at 9/2% from 15 march to 8 August 2015​

Answer 1

Answer:

Simple Interest is 63 rupees

Step-by-step explanation:

Simple Interest = ( Principal × Rate of interest × Time period ) / 100

The rate of interest is 9/2 % which is 4.5 %

and the Time period is in days

that is from 15th March to 8th August there are 146 days ( 16 + 30 + 31 + 30 + 31 + 8 )

So, time period will be 146 / 365

= ( 3500 × 4.5 × 146 ) / 36500

= ( 2299500 / 36500 )

Simple lnterest = 63

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