Question

find the amount on rs.5604 at 6 percent per annum from 16th january 2013 to 22 August,2013.

Answer 1

Principal = Rs 5604
Rate       = 6% per annum
Time (From 16 January 2013 to 22 August 2013) = 218 days or 218 / 365 years
Simple interest = P*R*T/100
SI                     = 5604 X 6 X 218 / 100 X 365
                        = 7330032 / 36500
                        = Rs 200.822 (approx)
Amount           = Principal + Simple Interest
                       = 5604 + 200.822
                       = Rs 5804.822
Therefore, amount is Rs 5804.822

Answer 2

Answer:

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