Dinesh borrowed 9000 rupees on 27th June 2016 from abank at the rate of 12% per annum simple interest. If he wants to clear the account on 8th September 2016 , what amount he has to pay ?
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total days = 3+31+31+8 = 73
SI = PRT/100
= (9000×12×(73)/365)/100
= (9000×(12)/5)/100
= 1800×12/100
= 18×12
= 216
SI = PRT/100
= (9000×12×(73)/365)/100
= (9000×(12)/5)/100
= 1800×12/100
= 18×12
= 216
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