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A day full of math games & activities. Find one near you.
A day full of math games & activities. Find one near you.
A day full of math games & activities. Find one near you.
The interest on ₹350 at 5% per annum for 73 days is ₹35. State whether the statement is true or false
Solution:
Given, the interest on ₹350 at 5% per annum for 73 days is ₹35.
We have to determine if the given statement is true or false.
According to the question,
P = ₹350
R = 5%
T = 73 days
We know, 1 year = 365 days
So, T = 73/365 year
Interest = P × R × T/100
I = 350 × 5 × 73/100 × 365
= 350 × 73/20 × 365
= 35 × 73/2 × 365
= 35/2 × 5
= 35/10
= 3.5
Therefore, the interest is ₹3.5
✦ Try This: The interest on ₹200 at 5% per annum for 90 days is ₹10. State whether the statement is true or false.
☛ Also Check: NCERT Solutions for Class 7 Maths Chapter 8
NCERT Exemplar Class 7 Maths Chapter 7 Problem 63
The interest on ₹350 at 5% per annum for 73 days is ₹35. State whether the statement is true or false
Summary:
The given statement,”The interest on ₹350 at 5% per annum for 73 days is ₹35” is false.
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