16) Find the simple interest on 10,000 from March 9 2019 to May 21,201 – InterviewSolution

1.

16) Find the simple interest on 10,000 from March 9 2019 to May 21,2019at 7.5% p.a.

Answer»

INTEREST = 9,00,000 INR

Amount = 9,10,000 INR

Step-by-step EXPLANATION:

PRINCIPLE = 10,000

Time = 12 days

RATE = 7.5%

Interest = $\frac{TRP}{100}$ = 12 * 7.5 * 10,000/100 = 9,00,000

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