Maths-
General
Easy

Question

Find the simple interest on Rs. 6500 at 14% per annum for 73 days?

Hint:

Use the formula of simple interest and proceed.

The correct answer is: 182 Rupees


    Complete step by step solution:
    We calculate simple interest by the formula, S I equals fraction numerator P T R over denominator 100 end fraction
    where P is Principal amount, T is number of years and R is rate of interest
    Here, we have P equals 6500 comma T equals 73 over 365 equals 1 fifth text  and  end text R equals 14 straight percent sign
    On substituting the known values we get, S I equals fraction numerator 6500 cross times 1 fifth cross times 14 over denominator 100 end fraction
    On further simplifications, we have S I equals 18200 over 100 equals 182 rupees.
    Thus, SI = 182 Rupees.

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