Question

Find the simple interest on the 2000 at 25/4% per annum for the period from 4th feb 2005 to 18th april 2005 solution

Answer 1

$\sf{\underline{To\:calculate:}}$

The number of days.

$\sf{\underline{We\:know\:that:}}$

$\bullet$ The day on which money is deposited is not counted.

$\bullet$ While the day on which money is withdrawn is counted.

$\sf{\underline{Now:}}$

Calculate the number of days.

$\boxed{\sf{Time = (24+31+18)}}$

$\sf{Days:}$

$\implies$ $\sf{\frac{73}{365}}$

$\implies$ $\sf{\frac{1}{5}}$

$\sf{P = 2000}$

$\sf{R = \frac{25}{4}}$

$\sf{\underline{So:}}$

$\sf{SI = \frac{2000 \times 25}{4 \times 5 \times 100}}$

$\sf{SI = \frac{50000}{2000} }$

$\boxed{\sf{Simple\:interest= 25}}$

Answer 2

Answer:

4 feb to 28 feb 24 days

march 31 days

april 18 days

total 63 days

si=ptr/100=(2000*(63/365)*(25/4)}/100=21.7(approx)

Step-by-step explanation: