An
Mr. Verma borrowed + 8400 from Oriental Bank of Commerce on 11th January
1988 and repaid on 5th June, 1988 at 12%1/2 simple interest. Find the interest and
amount paid by Mr. Verma
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Answer:
Given:
principal=8400
rate=25/2
time=4 days
or 4/366 year
the interest =(8400×25/2×4/366)/100
84×25/2×4/366
8400/732
=11.47
the amount =8411.46
Step-by-step explanation:
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