a sum of rs 4000 was borrowed on april 1 and repaid on august 25 of the same year at an interest of 7 1by 2% what was the interest paid?
Answers
Answer:
120
Step-by-step explanation:
Given
a sum of rs 4000 was borrowed on April 1 and repaid on august 25 of the same year at an interest of 7 1by 2% what was the interest paid?
Principal = Rs 4000, rate of interest = 7 1/2 = 7.5%
April 30 days
May 31
June 30
July 31
August 1 to 24 24 days
So total = 146 days, so time = 146 / 365 days
We know that Interest = P x T x R / 100
= 4000 x 146 x 7.5 / 365 x 100
= 4380000 / 36500
= Rs 120
Therefore interest is Rs 120
Answer:
120
Step-by-step explanation:
Principal = Rs 4000, rate of interest = 7 1/2 = 7.5%
April 29 days
May 31
June 30
July 31
August 1 to 25 25 days
So total = 146 days, so time = 146 / 365 days
We know that Interest = P x T x R / 100
= 4000 x 146 x 7.5 / 365 x 100
= 4380000 / 36500
= Rs 120