the interest on₹1500 be ₹16.50 at 5.5%?
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Answer:
Hence the interest on ₹1500 be ₹16.50 in 73 days
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Answered by
2
Answer:
Given principal, P = Rs 1500
Interest, I = Rs 16.50
Rate of interest, R = 5.5% p. a = 5.5/365 per day
Simple interest, I = (PTR)/100
16.50 = (1500 x T x 5.5)/(365 x 100)
Therefore, T = 73
Hence in 73 days the interest on Rs 1500 will be Rs 16.50
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