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Math Help - Simple Interest

  1. #1
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    Simple Interest

    Hi.. I have a confusion that this problem the answer is not coming...
    Using the relation I=P*R*T,
    find the interest on
    Rs 5400 at 7% per annum for 146 days...

    if they given in the months we can divide it by 12...
    here the problem is given in days..
    how to do this...
    the answer is 252.
    Thank You
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  2. #2
    Member u2_wa's Avatar
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    Quote Originally Posted by saranya View Post

    if they given in the months we can divide it by 12...
    here the problem is given in days..
    how to do this...
    There are 365 days in a year,
    so T=days/365
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  3. #3
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    Quote Originally Posted by u2_wa View Post
    There are 365 days in a year,
    so T=days/365
    yah,i tried with 365 and 366 days also..but the answer 252 doesn't came.
    so only i asked in this thread.
    thank u
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  4. #4
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    The annual interest is 5400 \cdot .07,

    so the interest accumulated over 146 days should be

    \frac{146}{365} \cdot 5400 \cdot .07 = 151.2

    Am I missing something?
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  5. #5
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    Quote Originally Posted by saranya View Post
    yah,i tried with 365 and 366 days also..but the answer 252 doesn't came.
    252 IS NOT the answer
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  6. #6
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    Quote Originally Posted by Wilmer View Post
    252 IS NOT the answer
    ok thank u..
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