quetion no (iv) solve
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There are 73 days, to pay interest.
73 days means one fifth of the year(1/5).
15% of 1500 =
(1500/100) * 15 = 225.per annum( per 1 yr)
for 1/5 th yr = 225/5 = 45/-
simple interest = 45/-
Amount. = 1500+ 45 = 1545/-
If you have any doubt, comment below
73 days means one fifth of the year(1/5).
15% of 1500 =
(1500/100) * 15 = 225.per annum( per 1 yr)
for 1/5 th yr = 225/5 = 45/-
simple interest = 45/-
Amount. = 1500+ 45 = 1545/-
If you have any doubt, comment below
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