Question

a sum of 4000 was borrowed on april 1 and repaid on august 25 of the same year at an interest of 7.5% what was the interest paid?

Answer 1

A sum of 4000 was borrowed on april 1 and repaid on august 25 of the same year at an interest of 7.5% what was the interest paid?

Answer 2

Answer:

Rs.120.82

Step-by-step explanation:

Principal = rs.4000

Time = 1 april to 25 august = 147 days = $\frac{147}{365} year$

Rate of interest = 7.5%

$SI =\frac{P \times R \times T}{100}$

$SI =\frac{4000 \times 7.5 \times \frac{147}{365}}{100}$

$SI =120.82$

Hence  the interest paid is Rs.120.82