Question

(viii)Principal 1500 3% per annum 10 days find interest.​

Answer 1

Answer :

• Simple interest is Rs.121.5 approx

Given :

• Principal = 1500
• Rate = 3 % per annum
• Time = 10 days

To find :

• Simple interest

Solution :

Given,

• P is 1500
• R is 3 % per annum
• T is 10/365 = 0.027

As we know that,

• Simple interest = PRT/100

Where,

• P is principal
• T is Time
• R is rate

↦ Simple interest = PRT/100

↦ Simple interest = 1500 × 3 × 0.027 / 100

↦ Simple interest = 1215/100

↦ Simple interest = 121.5

Hence, Simple interest is Rs. 121.5 approx