Question

What is the simple interest on rs 3125 at 15% per annum for 73 days?

Answer 1

Simple interest =principle amt *time *rate /100  3125*8*1/5/100  After solving   Answer iz 93.75

Answer 2

According to the information supplied in the question.

We have the following details in the above question.

Given data is principal amount of Rs.3125.

The interest rate is set at 15%.

The time span is 73 days.

We have to calculate the simple interest on the provided sum.

We must utilize the simple interest formula in this case.

Thus, the simple interest on the given amount is,

$SI=\frac{PRT}{100}$

$=\frac{3125\times 15\times \frac{73}{365} }{100}\\=\frac{9375}{100} \\=Rs.93.75$

Hence the simple interest on amount Rs.3125 is Rs.93.75