How much would the ₹36525 amount to if it was invested at 7 ⅔% per from 15 October 2007 to 9 March 2008?
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2
Answer:
P=Rs. 36,525,
R=7
3
2
%=
3
23
%
Time: 15 oct 2007 to 9 March 2008=4 months 23 days
=4 months+
30
23
months=
30
120+23
months
=
30
143
months
=
30
143
×
12
1
years=
360
143
years
∴ Simple Interest=
100
P×R×T
=
100
36,525×
3
23
×
360
105 =Rs. 1082.601
Amount=SI+P
=1082.60+36,525
=Rs. 37607.60.
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