Question

The interest on ₹ 2500 at 2.5% p.a for 146 days.​

Answer 1

Answer:

Interest = ₹ 250

Step-by-step explanation:

Given,

Principal = ₹ 2500

Rate = 2.5%

Time = 146 days

To find,

Interest

Procedure,

Since, rate is in decimal, we first convert it to fraction.

Rate → 2.5% = 25/10

Time is in days. So, we have to convert it to years.

Since,

365 days = 1 year

146 days = 146/365 year

Time = 146/365

Now,

We can proceed to the calculation part.

$Interest \: = \frac{p \times r \times t}{100}$

= $\frac{2500 \times 25 \times 146}{100 \times 10 \times 365}$

$=\frac{9125000}{36500}$

$= 250$

Therefore, the interest is ₹ 250.