Question

calculate the interest @ 6% per annum on 2700 from 15th June 2002 to 22 March 2003​

Answer 1

Answer:

SI=(P*T*R)/100

P=2700

R=6%

T=280/365                 (ADD ALL THE DAYS FROM 15TH JUNE TO 22 MARCH

IF WE ADD THOSE DAYS WE WILL GET 280. SINCE ANY OF THOSE GIVEN YEARS ARE NOT LEAP YEARS...FOR FEBRUARY ONLY 28 DAYS ARE PRESENT)

Substitute these values in formula

SI= (2700*280/365*6)/100

  =124.2739