Find the simple interest on₹ 7600 from 16 May, 2013 to 9 October, 2015 at 10% per annum?
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Find the simple interest on₹ 7600 from 16 May, 2013 to 9 October, 2015 at 10% per annum?
Find the simple interest on₹ 7600 from 16 May, 2013 to 9 October, 2015 at 10% per annum?
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Answer:
16th may 2013 to 9th October 2015 works out to 877 days which means 2 years and 5 months.
Interest on ₹7600 For one year at 10% per annum works out to ₹760
Therefore, for 2 years and 5 months interest work's out to ₹1836