what is the simple interest on 1000 at 6% per annum for 146 days
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Answer:
Principal = 1000
Rate of Interest = 6%
Time = 146 days or, 0.4 year
S.I. = P × R × T/100
= 1000 × 6 × 0.4/100
= 24
Amount = 1000 + 24 = 1024
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