Class 7 Exam > Class 7 Questions > Find the simple interest on 8500 from 12th Oc...
Start Learning for Free
Find the simple interest on 8500 from 12th October 1999 to 6th March 2000 at 15 percent per annum?
Most Upvoted Answer
Find the simple interest on 8500 from 12th October 1999 to 6th March 2...
Simple Interest Calculation
To calculate the simple interest on an amount, we use the formula:
Simple Interest (SI) = (Principal × Rate × Time) / 100
Given Data:
- Principal (P): 8500
- Rate (R): 15% per annum
- Time (T): To be calculated in years
Time Calculation
1. Start Date: 12th October 1999
2. End Date: 6th March 2000
- From 12th October to 12th March is 5 months.
- From 12th March to 6th March is a reduction of 6 days in March.
Month Breakdown:
- October (remaining days): 19 days
- November: 30 days
- December: 31 days
- January: 31 days
- February: 29 days (2000 is a leap year)
- March: 6 days
Calculating Total Days:
- Total Days = 19 + 30 + 31 + 31 + 29 + 6 = 146 days
Convert Days to Years:
- T (in years) = 146 days / 365 days = 0.4 years (approximately)
Simple Interest Calculation
- SI = (8500 × 15 × 0.4) / 100
Final Calculation:
- SI = (8500 × 15 × 0.4) / 100 = 510
Conclusion
The simple interest on 8500 from 12th October 1999 to 6th March 2000 at 15% per annum is ₹ 510.
To calculate the simple interest on an amount, we use the formula:
Simple Interest (SI) = (Principal × Rate × Time) / 100
Given Data:
- Principal (P): 8500
- Rate (R): 15% per annum
- Time (T): To be calculated in years
Time Calculation
1. Start Date: 12th October 1999
2. End Date: 6th March 2000
- From 12th October to 12th March is 5 months.
- From 12th March to 6th March is a reduction of 6 days in March.
Month Breakdown:
- October (remaining days): 19 days
- November: 30 days
- December: 31 days
- January: 31 days
- February: 29 days (2000 is a leap year)
- March: 6 days
Calculating Total Days:
- Total Days = 19 + 30 + 31 + 31 + 29 + 6 = 146 days
Convert Days to Years:
- T (in years) = 146 days / 365 days = 0.4 years (approximately)
Simple Interest Calculation
- SI = (8500 × 15 × 0.4) / 100
Final Calculation:
- SI = (8500 × 15 × 0.4) / 100 = 510
Conclusion
The simple interest on 8500 from 12th October 1999 to 6th March 2000 at 15% per annum is ₹ 510.
Attention Class 7 Students!
To make sure you are not studying endlessly, EduRev has designed Class 7 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 7.
|
Explore Courses for Class 7 exam
|
|
Similar Class 7 Doubts
Top Courses for Class 7View all
Find the simple interest on 8500 from 12th October 1999 to 6th March 2000 at 15 percent per annum?
Question Description
Find the simple interest on 8500 from 12th October 1999 to 6th March 2000 at 15 percent per annum? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about Find the simple interest on 8500 from 12th October 1999 to 6th March 2000 at 15 percent per annum? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Find the simple interest on 8500 from 12th October 1999 to 6th March 2000 at 15 percent per annum?.
Find the simple interest on 8500 from 12th October 1999 to 6th March 2000 at 15 percent per annum? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about Find the simple interest on 8500 from 12th October 1999 to 6th March 2000 at 15 percent per annum? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Find the simple interest on 8500 from 12th October 1999 to 6th March 2000 at 15 percent per annum?.
Solutions for Find the simple interest on 8500 from 12th October 1999 to 6th March 2000 at 15 percent per annum? in English & in Hindi are available as part of our courses for Class 7.
Download more important topics, notes, lectures and mock test series for Class 7 Exam by signing up for free.
Here you can find the meaning of Find the simple interest on 8500 from 12th October 1999 to 6th March 2000 at 15 percent per annum? defined & explained in the simplest way possible. Besides giving the explanation of
Find the simple interest on 8500 from 12th October 1999 to 6th March 2000 at 15 percent per annum?, a detailed solution for Find the simple interest on 8500 from 12th October 1999 to 6th March 2000 at 15 percent per annum? has been provided alongside types of Find the simple interest on 8500 from 12th October 1999 to 6th March 2000 at 15 percent per annum? theory, EduRev gives you an
ample number of questions to practice Find the simple interest on 8500 from 12th October 1999 to 6th March 2000 at 15 percent per annum? tests, examples and also practice Class 7 tests.
|
|
Explore Courses for Class 7 exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup