Math, asked by rookief7727, 9 months ago

The simple interest on Rs.1000
at 10% per annum for 146 days is :

Answers

Answered by ayushthemaestro
3

Answer:

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Answered by Alcaa
3

Simple Interest = Rs 40

Step-by-step explanation:

We are to find the simple interest on Rs. 1000  at 10% per annum for 146 days.

Let P = Principal sum of money

     R = Rate of interest

     T = Time period

The formula for finding Simple interest is given by;

            Simple Interest (S.I.) = \frac{P\times R\times T}{100}

Here, Rate of interest if of per annum and also Time period is used for a period of one year.

In the question we are given the time period in days so we first have to convert time period in year, i.e;

     Time period = \frac{146}{365}

So, Simple Interest (S.I.)  =  \frac{1000\times 10\times 146}{100\times 365}

                                         =  \frac{14600}{365} = Rs 40

Therefore, simple interest on Rs.1000  at 10% per annum for 146 days is Rs 40.

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