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.
Simple interest on Rs. 1000 at 5% per annum for 73 days is Rs. 10.
Answer
View full question & answer→True.Solution:
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
$=\frac{73}{365}\text{ days}$
$\text{S.I.}=\frac{\text{P}\times\text{R}\times\text{T}}{100}$
$=\frac{1000\times5\times73}{100\times365}$
$=\text{Rs. }10$