Find the simple interest, if $P = R s . 400, R = 3.65 %$ per annum and time $= 150$ days.

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Solution

Given that,
$P = R s .400$
$R = 3.65$ %
$T = 150 d a y s$ or $5 / 12$ months
$\begin{matrix} S i m p l e i n t e r e s t = \frac{p \times r \times t}{100} = \frac{400 \times 5 \times 3.65}{12 \times 100} = 6.083 \end{matrix}$

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