A sum of ₹ 10000 was borrowed on 1 March and repaid on 25 July of the same year at the interest rate of 5.5% per annum. What was the interest paid?
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1st March to 25th July= 147 days
Interest= 10000* 147/365* 5.5/100= 221.5 ₹
Interest= 10000* 147/365* 5.5/100= 221.5 ₹
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