Question

Rahul diposite sum of Rs 10,000 at the rate of 4% per annum in a bank on 11 january. on 18th august in the same year he withdrew the entire amount lying in his account. find the amount bank gave 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 [REQUIRED ANSWER]