Question

The exact interest on a loan of Rs1000 at 10 % simple interest from March 15 to April 15 is calculated as ______________ *​

Answer 1

Step-by-step explanation:

SOLUTION

___________

PRINCIPAL AMOUNT-->Rs 1000

RATE--> 10%

TIME --> 15 + 15 = 30 +1 = 31 ( •°• march has 31 days)

SIMPLE INTREST = P×R×T ÷ 100

= 1000 × 10 × 31 ÷ 100×365

= 310000÷ 36500

= 3100 ÷ 365

= 8.49315068

= 8.49 RS

AMOUNT --> P+S.I

= 1000+8.49

= 1008.49 Rs