Question

How much Rs 36525/- amount to if it was invented at 23/3% per annum from 15th October 2007 to 9th March 2008?
(The answer should be Rs 37645.10/-)
(Please answer in full process.)​

Answer 1

Answer:

Money was lent for 146 days (16+30+31+31+29+9)

Amount after interest = PRN/100 + P

36525 × 23 × 146

= ------------------------ + 36525

100 × 3 × 365

= 1120.1 + 36525

= 37645.1

Step-by-step explanation:

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