Raju deposited Rs 20000 in a bank on 28th March 2011 and closed his account on 21st August 2011. If the bank
pays an interest of 9% per annum, what amount does Raju receive.
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Answered by
0
19000 it think so...............because............. the dates are uneven...... bro
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3
Answer:
Step-by-step explanation:
P=20000, R=9%
Time= Number of days
Time= 3(march)+30(April)+31(May)+30(June)+31(July)+21(August)
Time= 146 days
Converted into years, 146/365=2/5 years
Simple Interest= PRT/100, 20000*9*2/100*5
S.I= 720 Rs.
Amount= P+S.I
Amount= 20000+720=20720 Rs.
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