Question

The simple interest on rs 10 for 4 months

Answer 1

u have to write the rate on which it has to applied
but formula of
simple interest =principle × time× rate/100
but time will be in year so 4months =1/4of a year

Answer 2

Question

The simple interest on rs 10 for 4 months

Simple interest is the simple method of calculating interest from the principle amount and hence it is one with simple expression.

It is the quick and easier way of calculating interest on a loan.

The expression is presented as multiplying the daily interest by interest rate and by the principle amount in the duration stated and the number of days that elapse between the payments.

The rate of the interest calculated is based on the the number of hours and time that lapses after the payment on the loan or principle amount .