Question

a sum of Rs 4000 was borrowed on April 1 and repaid on August 25 of the same years at an interest of 7 1 by 2% what was the interest paid​

Answer 1

if a sum of Rs 4000 was borrowed on April 1 and repaid on August 25 at interest Rate 7 1/2 %  then Rs 120 interest has to be Paid

Step-by-step explanation:

a sum of Rs 4000 was borrowed on April 1

repaid on August 25

Number of Days from 1 Apr to August 25 = 146 Days

146/365 = 0.4 Years

Simple Interest = P  * R * T /100

P = 4000

R = 7 1/2 = 7.5 % per annum

T = 0.4 Years

Interest = 4000 * 7.5 * 0.4 /100

= 120

Interest Paid = Rs 120

Answer 2

interest = rs 120

interest to be paid