Question

what will be the aimple intrest for 1 year 4 month on a aum of 24800 at the rate of 14% p.a.​

Answer 1

$\frac{24800 \times 14 \times 16}{100 \times 365} \\ \\ \frac{248 \times 14 \times 16}{365} \\ \\ \frac{55552}{365} = 152.19$