Question

8. Amit borrowed 7500 from his friend at 5% per annum on 25th July 2015. He returned the money on
28th February 2016. How much amount did he pay to his friend?​

Answer 1

Answer:

7718.75

Step-by-step explanation:

7500 + 7/12 of 5% of 7500

= 7500 + 7/12 of 375

= 7500 + 218.75

= 7718.75