Question

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

Answer 1

Simple Interest S.I.

S.I. = (Principal*time*rate of interest)/100

S.I. = (100*146*10)/(365*100)

S.I. = (146000)/36500

S.I. = Rs.4

Convert time from days to years..

Answer 2

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

Step-by-step explanation:

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

Solution :

The simple interest formula is given by,

$SI=P\times R\times T$

Where, P is the principal P=Rs.1000

R is the interest rate R=10%=0.1

T is the time T=146 days

Convert days into years,

1 day = $\frac{1}{365}$ year

146 days = $\frac{146}{365}$

Substitute the value in the formula,

$SI=1000\times 0.1\times \frac{146}{365}$

$SI=40$

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

#Learn more

Calculate the simple interest on rs1000 for 3 years at 10% per annum

https://brainly.in/question/9094326