the simple interest on 40000 for 8.5 months at 9% per annum is
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Answered by
0
si=ptr/100
Here time is given in months.We must convert it into years
12months----->1 year
8.5 months will be 8.5/12 i.e., nearly 0.7 year
=>si=(4000*0.7*9)/100
si=252/-
Answered by
0
Here is your answer
P = 40000
R = 9%
T = 8.5 month. = 8.5/12 years
As
SI = PRT/100
Hence simple interest is Rs 2550
Hope it helps you
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