Question

Jeevan deposited Rs 2500 in his bank for buying Magnum certificates issued by the State bank of India. Unfortunately, his application for the certificate was rejected.However, his money was refunded on March 28, 1988. He was paid interest on his money at the rate of 8% per annum for the period starting from Jan 15, 1988. How much did he get back in all ?

Answer 1

Step-by-step explanation:

Simple interest = PRT÷100

Time is from march , 28 ,1988

to jan 15, 1988

on substracting we get nearly 2.4 months

it is equal to 0.208 years = t

substitute in formula

S.I = (2500×8×0.208)/100

S.I = 40.56/-

____mark brainliest____

Answer 2

Answer:

Rs 2524

Step-by-step explanation:

days of january = 16 days

days of february = 28 days

total days = 44 days

Amount =  2500 ( 1 + 44x0.08/366) = Rs 2524