Maths-

General

Easy

Question

# Find the simple interest and the amount on Rs. 4,000 at the rate of 8% per annum for 146 days?

Hint:

### Find the simple interest and then add it with the principal amount to get the total amount.

## The correct answer is: 4128 Rupees.

### Complete step by step solution:

We calculate simple interest by the formula,…(i)

where P is Principal amount, T is number of years and R is rate of interest

Let the sum of money P = 4000 Rs

Here, we have years, R = 8% and P = 4000

On substituting the known values in (i), we get

We have SI = 128 Rupees.

We know the formula for total amount = A = P + SI…(ii)

where is the total amount, is the principal amount and is simple interest.

On substituting the known values in (ii), we get A = 4000 + 128 = 4128

Hence the simple interest after 146 days = 128 Rupees.

And total amount to be paid after 146 days = Rupees.

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