an amount of rs 1500 is borrowed at the rate of 18% on February 5, 2012 what will be the interest as on April 18, 2012
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Answer:
Step-by-step explanation:
principal= rs. 1500
rate = 18%
time = 73 days = 73/365 year = 1/5 year
interest = p × r × t ÷ 100 = 1500 × 18 × 1/5 ÷ 100 = rs. 54
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