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  4. What will be the simple interest earned on Rs. 9640 in 6 months at the rate of 7 (4/3) % p.a.?

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Q. What will be the simple interest earned on Rs. 9640 in 6 months at the rate of $7 \frac{4}{3} \%$ p.a.?

Simple Interest and Compound Interest

Solution:

Here, $\mathrm{P}=$ Rs. $9640 ; \mathrm{R}=7 \frac{4}{3} \%=\frac{25}{3} \%$ p.a.;
Time $=6$ months $=\frac{6}{12}=\frac{1}{2}$ year
$\text { S.I. } =\frac{P \times R \times T}{100}=\frac{9640 \times 25 \times 1}{100 \times 3 \times 2} $
$ =\text { Rs. } 401.6 \approx \text { Rs. } 402$