If A borrow an amont of rs 1000 on january 1st at 10% rate and return it with interest on august 7th both days inclusive for interest what is the total amount that a pay?
sivaprasad2000:
Was it a leap year?
Answers
Answered by
29
Total number of days from Jan 1 to Aug 7 = 31+28+31+30+31+30+31+7 = 219 days
Interest for one year (365 days) =
Interest for 219 days =
Amount to be payed back = 1060 rupees
Interest for one year (365 days) =
Interest for 219 days =
Amount to be payed back = 1060 rupees
Answered by
1
Answer:
Total number of days from Jan 1 to Aug 7 = 31+28+31+30+31+30+31+7 = 219 days
Interest for one year (365 days) = 1000 \times \frac{10}{100} = 1001000×
100
10
=100
Interest for 219 days = 100 \times \frac{219}{365} = 60 rupees100×
365
219
=60rupees
Amount to be payed back = 1000+60
= 1060
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