Question

A man borrowed Rs.4500 at 8% per annum S.I on 7th January 1997. He paid back the entire principal together with interest on 14th August ,1997.how much money did he pay

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Answer 1

Step-by-step explanation:

Given:

=> P = Rs.4500, R = 8% p.a.n = 220 days from 7th Jan 1997 to 14th Aug 1997.

=> SI = 4500×220/365×8/100 = Rs.216.98 = Rs 217

=> He paid 4500+217 = Rs.4717

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