Question

What is the interest and amount on Rs.5600 at thr rate of 6% per annum for the period from 1july 2001 to 24th November 2001.

Answer 1

Answer:

simple interest= 144.52 amount= 5744.52

Step-by-step explanation:

1)We know, Simple interest =(principal*rate*time)/100

2)p=5600,r=6%,t=157 days(from 1 jul 2001 to 24 nov 2001)
3) using formula, we get,

si=(5600*6*157)/(100*365)   [157/365 is done to convert days into years]

4) therefore, si=144.52

5) amount= p+si, amount= 5744.52

6) it was nice helping you :)