a man borrowed rs4500 at 8% per annum S.I on 7th jan 2014.he paid back the entire principle together with interest on 14th aug 2014 .how much money did he pay
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Step-by-step explanation:
time period = 14 aug 2014 - 7th jan 2015
= 8 months 7 days
= 8 7/30 (approx)
=247/30*12 (because anually)
amount = 4500
rate = 8%
Simple Interest = (P*t*r) / 100
= ( 4500*247*8) / 100*30*12
= 247 rupees
amount = 4500+247 = 4747 rupees
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Answer:
4567.068 Rs
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