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- ➤ How much would.36525 amount to if it was invested at 23/3% p.a.from 15 october 2007 to 9 march 2008 ?
- ➢ Principle = Rs.36524
- ➢ Rate = 7⅔% p.a
- ➢ Time = From 15 October 2007 to 9 march 2008.
- ➢ Amount
Firstly, Calculating the number of days from 15 October 2007 to 9 march 2008.
- ➣ In October 2007 = 17 days
- ➣ In November 2007 = 30 days
- ➣ In December 2007 = 31 days
- ➣ In January 2008 = 31 days
- ➣ In February 2008 = 29 days
- ➣ In March 2009 = 9 days
∴ The Time is 147/365 years.
Now, Finding the simple interest :-
- Substuting the values
∴ The Simple Interest is Rs.1124.69 (approx).
Now, Finding the amount :-
- Substuting the values
∴ The Amonut is Rs.37649.69.
- ➤ Rs.37649.69 amount it was invested at 23/3% p.a.from 15 october 2007 to 9 march 2008.
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