Bela borrowed rupees 7000 from a bank on 8 April 1999 and the settle at the account on 7th August 1999 what amount did she pay the rate of interest begin 15% p a
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P = 7000
R = 15% p.a.
T = 121 days i.e 121/365 year
SI = PRT/100
= 7000 × 15 × 121 / 100 × 365
= 12705000 / 36500
= 348.08
Amount = Interest + Principal
= 348.08 + 7000
= 7348.08
So the amount that she had to pay is Rs. 7348.08
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Answer:
Amount of interest if rupees 348.08
Step-by-step explanation:
Number of days from 8 april to 7 august = 121 days
%age of interest on 121 days as 15 % p.a = 4.97 %
4.97% interest on 7000 rupees = 348.08 rupees
7000 * 4.97 / 100 = 348.08
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