Question

what will be the simple interest of 1 year 95 days at the rate of 5% annual interest of 500.​

Answer 1

Step-by-step explanation:

1 year and 95 days = 365+95 = 460 days

N = 460/365 P = 500 R = 5%

Interest = PRN/100

•°• Interest = 500x(5/100)x(460/365)

= ₹31.51

•°• Total Interest Chargeable/Payable = ₹31.51

Hope this might be helpful

Answer 2

Hi,(✿^‿^)

Step-by-step explanation:

1 year and 95 days = 365+95 = 460 days

N = 460/365 P = 500 R = 5%Interest = PRN/100•°• Interest = 500x(5/100)x(460/365) = ₹31.51 •°• Total Interest Chargeable/Payable = ₹31.51Hope this might be helpful