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Mathematics

The simple interest on ₹ 8,490 at 5% and 73 days is

  1. ₹ 849

  2. ₹ 84.90

  3. ₹ 8.49

  4. none of these

Simple Interest

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Answer

Given:

P = ₹ 8,490

R = 5%

T = 73 days = 73365\dfrac{73}{365} years

S.I.=(P×R×T100)S.I.=(8,490×5×73100×365)S.I.=(30,98,85036500)S.I.=84.9\because \text{S.I.} = ₹ \Big(\dfrac{P \times R \times T}{100}\Big)\\[1em] \Rightarrow \text{S.I.} = ₹ \Big(\dfrac{8,490 \times 5 \times 73}{100 \times 365}\Big)\\[1em] \Rightarrow \text{S.I.} = ₹ \Big(\dfrac{30,98,850}{36500}\Big)\\[1em] \Rightarrow \text{S.I.} = ₹ 84.9

Hence, option 2 is the correct option.

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