A man borrowed Rs 4500 at 8% per annum S.I. on 7th january 1997 .He paid back entire principal together with interest on 14th August 1997. How muchmoney did he pay?
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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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Step-by-step explanation:
so, S.I= ₹216.986
Amount= ₹4716.9863
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