Find the interest on $R s 1200$ at $6 %$ per annum for $146 d a y s .$

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Solution

As we have,
$P r i n c i p a l = R s 1200, R a t e = 6 %, T i m e = 146 d a y s A l s o, T i m e = \frac{146}{365} y e a r s = 0.4 y e a r s [∵ 1 y e a r = 365 d a y s]$
Now,
$I n t r e s t = \frac{P r i n c i p a l \times T i m e \times r a t e}{100} = \frac{1200 \times 0.4 \times 6}{100} = 12 \times 0.4 \times 6 = 28.8 R s$
Hence interest is of $R s 28.8$

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