Question

g) Paresh took 35,800 at the rate of 5% per annum for 292 days. Find the amount he had to
return.​

Answer 1

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The Principal = 35,800

The Principal = 5%

The Time = 292 Days.

or

292/365 year.

The Interest = ( 35,800×5×292/365 )/100

= 143,200/100

= 1,432

Answer 2

The Principal = 35,800

The Principal = 5%

The Time = 292 Days.

or

292/365 year.

The Interest = ( 35,800×5×292/365 )/100

= 143,200/100

= 1,432