Question

Ms.Rashmi wants to buy an electric scooter. She borrows ₹50,000 from a city lender at 5% per annum for the period from 5thMarch 2021 to 17thMay 2021.
(i) Calculate the simple interest and
(ii) The amount she needs to pay to the lender.
(Hint: The day on which money is deposited is not counted while the day on which money is withdrawn is counted)

Answer 1

Answer:

5000 rupees of 5 % plz mark me