Find the interest on a deposit of ₹7300 from May 2,2017 to July 13,2017 at the rate of 20% p. a. Also find the amount.
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Interest = P×R×T/100
Given:-
P=7300rs
R=20%
T=29days of may+30days of June+13days July
Total Time=72days or 72/365 years
Interest = 7300×20×72/100×365 = 288rs
therefore amount = Interest+Principal
= 7300+288 = 7588rs
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