Question

find the interest 5,000 at 8% per year from 23rd December to 29th July 2012

Answer 1

I have solved it and posted the pic. pls see to it

Answer 2

rules of this kind of sums:

1. The day on which the money is borrowed is not included in the time.
2. The day on the the money is paid back to the money lender is included.
3. if it is a leaf year , the month of February has 29 days.