Question

Find the simple interest and the amount on Rs.2400 for 3 years 5 months and 15 days at the rate of 9%.

Answer 1

Given Principal (P) = Rs. 2400 Rate (R) = 9%
Time (T) = 3 years 5 months and 15 days = $\frac{83}{24}$ years
To find simple interest and he amount Simple interest = $\frac{PRT}{100}=Rs.2400\times \frac{9}{100}\times \frac{83}{24}=Rs.747$
And the amount = Rs.2400 + Rs. 747 = Rs. 3147