find the interest on RS.1820 from October 9, 2016 to December 21 ,2016 at 7. 1/2 % per annum
Answers
Answered by
1
Step-by-step explanation:
Time from
3
rd
May
2001
to
15
th
July
2001
=
28
days of May +
30
days of June +
15
days of July
=
73
days
=
73
365
years
=
1
5
years
Note: Since
3
rd
May
2001
is the starting date, it is not included in the counting.
Simple interest
=
500
×
6
×
1
5
100
=
6
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