Question

Rahul deposit a sum of rupees 10000 at the rate of 4% per annum in the bank on 11 january on 18th of august in the same year we withdraw the entire amount lying in his account find the amount bank give to rahul

Answer 1

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$\underline\bold{\huge{ANSWER \: :}}$  

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GIVEN INFORMATIONS :-

(1) P = Rs. 10,000

(2) r = 4%

(3) t = 11th January to 18th August (219 days) 

However, 219 days = 219/360 years

S. I. = Prt/100 

=> S. I. = Rs. (10000×4×219)/(100×365)

=> S. I. = Rs. 240

Now, Amount (A) = S. I. + P

=> A = Rs. (240+10,000)

=> A = Rs. 10,240

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THUS THE AMOUNT BANK GAVE TO RAHUL IS Rs. 10240. $\bold{[ANSWER]}$

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Answer 2

GIVEN INFORMATIONS :-

(1) P = Rs. 10,000

(2) r = 4%

(3) t = 11th January to 18th August (219 days) 

However, 219 days = 219/360 years

S. I. = Prt/100 

=> S. I. = Rs. (10000×4×219)/(100×365)

=> S. I. = Rs. 240

Now, Amount (A) = S. I. + P

=> A = Rs. (240+10,000)

=> A = Rs. 10,240 (Ans.)