Maya took a loan for Rs 4500 at 5.5% of simple interest per annum for

1.	Maya took a loan for Rs 4500 at 5.5% of simple interest per annum for 4 months. Find the interest and the amount Sheela has to pay at the end of 4 months.very urgent answer fast pls
Answer» Answer: 73 days Simple interest = where P is the PRINCIPAL amount , R is the RATE and T is time. 1. P=4500,R=4,T=0.5 applying in formula, simple interest=Rs.90 2.1. P=12000,R=18,T= applying in formula, simple interest=Rs.720 3.1. P=1000,R=10,T=0.2 applying in formula, simple interest=Rs.20

Maya took a loan for Rs 4500 at 5.5% of simple interest per annum for 4 months. Find the interest and the amount Sheela has to pay at the end of 4 months.very urgent answer fast pls

Answer»

Answer:

73 days

Simple interest =

where P is the PRINCIPAL amount , R is the RATE and T is time.
1. P=4500,R=4,T=0.5
applying in formula, simple interest=Rs.90
2.1. P=12000,R=18,T=

applying in formula, simple interest=Rs.720
3.1. P=1000,R=10,T=0.2
applying in formula, simple interest=Rs.20