Question

mrs mathur borrowed 9500 from a banke at the rate of 12 whole 1/2% per annum for 2 whole 1/2 yrs find the intrest

Answer 1

Given

P=9500

$rate = 12 \frac{1}{2} \%$

Rate=25/2 %

$time = 2 \frac{1}{2} yr$

Time=5/2yr

Interest = pxrxt /100

$= \frac{9500 \times 25 \times 5}{100 \times 2 \times 2}$

=2968.75

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