Mr verma borrowed Rs 8400 from Oriental Bank Of commerce on 11th june 1988 and Repaid on 15th june 1988 at 12whole1/2% Simple interest find the interest and amount paid by Mr verma?
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Answered by
7
given:
principal=8400
rate=25/2
time=4 days
or 4/366 year
the interest =(8400×25/2×4/366)/100
84×25/2×4/366
8400/732
=11.47
the amount =8411.46
principal=8400
rate=25/2
time=4 days
or 4/366 year
the interest =(8400×25/2×4/366)/100
84×25/2×4/366
8400/732
=11.47
the amount =8411.46
Sg976788:
Its wrong..Answer will be ,I-420,Ammount-18820
Check the question
Now i posted a Pic of question.Ques-5th
11 january in place of 11june and 5june in place of15 june now solve this question
Answered by
3
principal=Rs 8400
no. of years=4/365 years
rate of interest=12.5%
S. I. =PNR/100
=8400×4×12.5/100×365
=approximately 11. 5
simple interest is Rs 11. 5
amount=8400+11.5
=Rs 8411.5
no. of years=4/365 years
rate of interest=12.5%
S. I. =PNR/100
=8400×4×12.5/100×365
=approximately 11. 5
simple interest is Rs 11. 5
amount=8400+11.5
=Rs 8411.5
I-420,A-18820
you want to write 1989 in the question
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