Q63 of 140 Page 196

State whether the statements are True or False.
The interest on Rs 350 at 5% per annum for 73 days is Rs 35.

False

Given, P = 350, R = 5% and T = 73days = yr

⇒ I =

= 3.5

State whether the statements are True or False.

When an improper fraction is converted into percentage then the answer can also be less than 100.

State whether the statements are True or False.

8 hours is 50% of 4 days.

State whether the statements are True or False.

The simple interest on a sum of Rs P for T years at R% per annum is given by the formula: Simple Interest

State whether the statements are True or False.

75% =

State whether the statements are True or False.The interest on Rs 350 at 5% per annum for 73 days is Rs 35.