Question

16. Rs 41.75 was paid as the interest on Rs 835 at 25/4% per annum. If the date of lending was
5 January 2009, find the date up to which the interest was paid.​

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Answer 1

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➡Here p = 835 ,R = 25/4% ,and I = 41.75.

➡So by formula:-

➡Time = I ×100/P×R

➡T = 41.75 ×100/835 × 25/4%

➡T = 0.8 years

➡T = 9.6 months

➡So the answer is 11 october 2009.