Question

Find the simple interest on 2,500 at 5% p.a. for the
period from 10 January, 2019 to 15 November,
2019,

Answer 1

Answer:

PRINCIPAL=2,500

per annum=5%

time= 10jan to 15nov

• January 10th =21days
• feb=28days
• march=31days
• April=30days
• may=31days
• june=30days
• July=31days
• August =31days
• September=30days
• octomber =31days
• November =30days

add all. 324days

convert it into years- 324/365yrs

I=P*T*R/100= 2,500*324/365*5 / 100

ans:1,109589. approximately

HOPE IT IS HELPFUL

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