Find interest on 1820 rupees from October 9 2006 to December 21 2006 at 15/2per annum
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Answer:
Rs.19,929
Step-by-step explanation:
time = 22(days of oct.) + 30(of nov.) + 21(of dec.) = 73 days
Rate = 15/2
principal = Rs.1820
S.I.
= P x R x T / 100
= 1820 x 15/2 x 73 / 100
= 1820 x 7.5 x 73 / 100
= 273 x 73 / 100
= Rs.19,929
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