Question

the simple intrest on rs750 at 8% per annum from august 10th to october 22nd in the same year is

Answer 1

S.I=120

Step-by-step explanation:

the formula of simple interest=

S.I=R×P×T/100

=8×750×2/100

=8×75×2/10

=8×150/10

=1200/10

=120

therefore,

simple interest =120

hope you find this answer helpful

Answer 2

Concept:

To calculate simple interest, multiply the daily interest rate by the principle and the number of days between payments. Simple interest is available to consumers who pay their loans on time or early each month. Simple interest loans are common in auto loans and short-term personal loans.

Given:

Interest to be applied on Rs. 750 = 8% per annum

To Find:

The simple interest on RS. 750 at 8% per annum from August 10th to October 22nd in the same year.

Solution:

To calculate simple interest, multiply the daily interest rate by the principle and the number of days between payments. Simple interest is available to consumers who pay their loans on time or early each month. Simple interest loans are common in auto loans and short-term personal loans.

We know that the formula of simple interest is

S. I.=

$R*P*T\\= \frac{8*750*2}{100}\\ =\frac{8*75*2}{10} \\=\frac{8*75}{5} \\=8*15\\=120$

So, the simple interest on Rs. 750 at 8% is rs. 120.

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