Question

Principal = 2850, Rate of interest per annum = 3 1/2%, Time period = 8 months
Interest =​

Answer 1

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Here P=Rs.25800,R=14% and T=1year4 months=1+124=1+31=34years.

S.I=100PRT=10025800×14×34=3258×14×4=Rs.4816