Question

A sum amounts of Rs 3605in 219days at 5% per annum.

Answer 1

3605+3605*219*5/365*100=
3605+3605*3/100
3605+10815/100
3605+108.15
3713.5

Answer 2

Amount = P(1 + rt)

Find amount:

Amount = 3605[ 1 + (0.05)(219/365) ]

Amount = 3605[ 1 + 0.03 ]

Amount = 3605[ 1.03 ]

Amount = Rs 3713.15

Answer: Rs 3713.15