Question

Find the interest on 7000 at 61/2% per annum for 292 days

Answer 1

Interest =
$\frac{p \times r \times t}{100} = \frac{7000 \times 13 \times 292}{100 \times 2} = 70 \times 13 \times 146 = 132860$

Answer 2

Answer:

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