Question

What is the interest on rs 4500 from January 5 to 31 may 2011 at 8% p.a.

Answer 1

Answer:

• 144

Step-by-step explanation:

• Simple interest = 144
• Step-by-step explanation:
• Given,
• p = 4500
• r = 8 %
• t = January 5 to May 31, 2011 = 146 days
• We know that,
• Simple interest = \frac{p\times r\times t}{100}
• 100
• p×r×t
• Simple interest = \frac{4500\times 8\times 146}{100\times 365}
• 100×365
• 4500×8×146
• Simple interest = \frac{5256000}{36500}
• 36500
• 5256000
• Simple interest = 144