Verified answer

Principal, P = 7600

Rate, R = 10%

Duration from 16 may 2013 to 9 october 2015 is 2yr 4 months and 24 days.

2yr 4months 24 days = 2 yr 4.8 month = 2.4 yrs

So time, T = 2.4 yrs

SI = PTR/100

= 7600 × 2.4 × 10 / 100

= ₹ 1824

Hence, Simple interest is 1824.

Given :-

• Principles Amount = ₹7600
• Time ⌚ = 2.4 years.
• Rate = 10 %

Solution :-

As we know that,

[tex] \begin{gathered}\\ {\underline{\boxed{\large \orange\leadsto\bf { SI = \frac{P \times R \times T}{100} }}}} \\ \end{gathered}[/tex]

Where,

• ➢ SI = Simple Interest
• ➢ P = Principle (₹)
• ➢ R = Rate (%)
• ➢ T = Time ⌚

So,

[tex] \begin{gathered}\\ \large\implies\sf{ \frac{7600 \times 2.4 \times 10}{100} } \\ \end{gathered}[/tex]

[tex] \begin{gathered}\\ \large\implies\sf{ \frac{1824}{1} } \\ \end{gathered}[/tex]

Hence,

• Simple Interest is ₹1824.

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