Question

The simple interest on Rs 7150/- at 5% per annum for 8 month is:​

Answer 1

Answer:

239

Step-by-step explanation:

SI = p*r*t/100

p = 7170  r = 5%  t = 8m = 8/12

SI = (7170*5*8/12)/100 = 239

Answer 2

Answer:

Given that,

Principal Amount=7150

Interest rate= 5 %/year

Time (in year)= 8 month/12 month

                      =2/3 year

                     

Simple Interest = (principal amount x Interest Rate x Time)/100

                         = (7150 x 5 x (2/3 ))/100

                         =238.34