Find the amount on Rs 1000 from 12th April to 5th September at 5% p.a.
Answers
Answer:
hope this will help you
here given, 12 April to 5th September means
18 days of April
+
31 days of may
+
30 days of June
+
31 days of July
+
31 days of August
+
5days of September
= 146 days
so we have to convert this into year so we will divide 146/365
Given : amount on Rs 1000 from 12th April to 5th September at 5% p.a.
To Find : SI and amount
Solution:
12th April to 5th September
April = 18
May = 31
June = 30
July = 31
August = 31
Sep = 5
Total = 18 + 31 + 30 + 31 + 31 + 5 = 146 Days
= 146/365 Years
= 2/5 Years
= 0.4 years
SI = P * R * T /100
P = 1000
R = 5
T = (2/5) Years
SI = 1000 x 5 (2/5) / 100 = 20 Rs
Amount = 1000 + 20 = 1020 Rs
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