Question

Find the amount received when ₹7000 is invested at 9% per annum for a period

from 30th May, 2012 to 11th August, 2012?​

Answer 1

Answer:

$\huge{\boxed{\rm{\red{Amount=₹7127.38}}}}$

Step-by-step explanation:

Given:-

₹7000 is invested at 9% per annum for a period from 30th May, 2012 to 11th August, 2012

To find:-

Find the total amount

Solution:-

Principle(P)=₹7000

Rate of interest(R)=9%

Time (T)=from 30th May, 2012 to 11th August, 2012

=>T=30th, 31st may+june +July+August 1 st to 11 th

=>T=2+30+31+11 days

=>T=74 days

=T =74/366 years

since 2012 is a leap year

=>T=37/183 years

Now I =PTR/100

=>I=(7000×37×9)/(100×183)

=>I=(70×37×3)/61

=>I=7770/61

=>I= ₹127.38

Amount=P+I

=>A=7000+127.38

=>A=₹7127.38

Answer:-

Amount=₹7127.38