Question

How much would rs 36,525 amount to if it was invested at 7 2/3 % per annum from 15 October 2007 to 9 March 2008?


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Answer 1

Step-by-step explanation:

P=Rs. 36,525,

R=7

32%= 3

23 %

Time: 15 oct 2007 to 9 March 2008=4 months 23 days

=4 months+ 3023

months= 30120+23

months= 30143months= 30143× 121

years= 36014years

∴ Simple Interest= 100

P×R×T

=10036,525× 323 ×360143

=Rs. 1082.601

Amount=SI+P

=1082.60+36,525

=Rs. 37607.60.