on what date will rs 650 lent on 1st January2006 amount to Rs 708.50 at 5% per annum ,simple interest?
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Let time be n years.
r = 5%
P = 650
Amount = P + SI
708.5 = 650 + (650*5*n/100)
=> 708.5-650 = 65n/2
=> 58.5*2 = 65n
=> n = 117/65
= 9/5 years
= (9/5)*365 days
= 657 days
The date is 657 days after 1st January, 2006 i.e on 20th October, 2007.
r = 5%
P = 650
Amount = P + SI
708.5 = 650 + (650*5*n/100)
=> 708.5-650 = 65n/2
=> 58.5*2 = 65n
=> n = 117/65
= 9/5 years
= (9/5)*365 days
= 657 days
The date is 657 days after 1st January, 2006 i.e on 20th October, 2007.
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