Question

1.find the interest of the amount on:. (i)₹750 in 3 yrs 4 months at 10 % per annum. (ii)₹5000 at 8 % per year from 23rd December 2011 to 29th july 2012

Answer 1

1)P=750
T=3y +4/12=3+1/3=10/3 years
R=10%
si=750×10×10/(300)=250
2)P=5000
R=8%
T=9+31+29+31+30+31+30+29=220 days=220/360=11/18 year
si=5000×8×11/1800=4400/18=244.44rs