Question

Aron deposited Rs 14600 at a rate of 14%(p.a) for 175 days . find the amount he got back after 175 days

Answer 1

Given principal amount (P) = Rs. 14600

and

rate p.a. (r) = 14 %

Time = 175 days which is equal to 5 months 15 days which is equal to 11/2 months

Simple Interest = (P*R*T) / 100

⇒ (14600*14*11) / (12*100*2)

⇒ 2248400/2400

= Rs. 936.83 which is approximately Rs. 937.

Therefore, total amount = Principal + Interest

A = 14600 + 937

A = Rs. 15537

So, amount after 175 days will be Rs. 15537

Answer 2

Given principal amount (P) = Rs. 14600

and

rate p.a. (r) = 14 %

Time = 175 days which is equal to 5 months 15 days which is equal to 11/2 months

Simple Interest = (P*R*T) / 100

⇒ (14600*14*11) / (12*100*2)

⇒ 2248400/2400

= Rs. 936.83 which is approximately Rs. 937.

Therefore, total amount = Principal + Interest

A = 14600 + 937

A= Rs. 15537

So, amount after 175 days will be Rs. 15537