What will be the simple interest on Rs 4000 at 12.5% per annum for the period from 4th feb 2005 to 18 april 2005
What will be the simple interest on Rs 4000 at 12.5% per annum for the period from 4th feb 2005 to 18 april 2005
Explanation
SI=P*R/100*T
S.I= 4000*12.5/100* 1/5=40 *12.5*1/5
S.I= 40*125/10*1/5=4*125*1/5
4*25=100