Question

The simple interest on rs 1820 from march 9,1994 to may 21,1994 at 7 1/2 percent rates will be

Answer 1

First calculate the number of days between March 9 to May 21.......


March April May
22 30 21
Total days = 22+30+21
= 73
T = 73 days
= 73/365 years


R = 7 1/2% p.a
P = ₹1820

S.I = PRT/100
= 1820*15*73/100*2*365
= 273/10
= ₹27.30

A = P+ S.I
= ₹1820+₹27.30
= ₹1847.30


S.I is ₹27.30 and Amount is ₹1847.30.



Hope it helps:)