Question

Find the interest and the amount of
Rs5000 at 8%per year from 23rd December 2011 to 29th July 2012​

Answer 1

Step-by-step explanation:

Principle (P)=Rs.5000

Rate (R)=8%p.a

Time (T)=23 December 2011 to 29 july 2012

Dec. Jan. Feb. March April May June July

8 31 29 31 30 31 30 29

Total 219 days =

365

219

years

=∴ Interest =

100

PRT

=

100×365

5000×8×219

=10×8×3=240

∴ Amount =P+I=Rs.5000+240=Rs.5240

Answer 2

Question:-

Find the interest and the amount of

Rs5000 at 8%per year from 23rd December 2011 to 29th July 2012

Solution:-

Principal= Rs 5000

Rate = 8% p.a

Time = (9+31+28+31+30+31+30+29)/365 Years

=219/365 Years

=3/5 years

S.I=Rs (5000×8/100×3/5)

= Rs 240

Amount = Rs (5000+240)

= Rs 5240