(ii) 5,000 at 8% per year from 23rd December 2011 to 29th July 2012.
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Answer:
from 23 rd December 2011 to 29 th July 2012 there are 219 days
December 8 days
January. 31 days
February 29 days
March 31 days
April 30 days
May 31 days
June 30 days
July 29 days
adding we get 219 days
when principal is 100 Rs interest for 365 days is 8 Rs
when principal is 5000 Rs interest for 219 days is
8×219×5000/365×100Rs
=8×3×10Rs
=240Rs
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