Simple Interest Practice Test 2

Question : 26 of 40

Marks: +1, -0

What will be the simple interest on Rs 850 at 4% per annum for 146 days?

Solution:

P = Rs 850, Rate = 4%, Time =

146/365

year

∴SI={P×R×T}/100

=850×4×146/365×1/100=1360

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