Question 11 Mark
Write $‘T’$ for true and $‘F’$ for false for the following: Simple interest on $Rs. 1000$ at $5\%$ per annum for $73$ days is $Rs. 10$.
Answer
View full question & answer→True.
$P = Rs. 1000$
$R = 5\%$
$T = 73$ days
$=\frac{73}{365}\text{ days}$
$\text{S.I.}=\frac{\text{P}\times\text{R}\times\text{T}}{100}$
$=\frac{1000\times5\times73}{100\times365}$
$=\text{Rs. }10$
$P = Rs. 1000$
$R = 5\%$
$T = 73$ days
$=\frac{73}{365}\text{ days}$
$\text{S.I.}=\frac{\text{P}\times\text{R}\times\text{T}}{100}$
$=\frac{1000\times5\times73}{100\times365}$
$=\text{Rs. }10$