Question

Rakesh borrowed Rs 9600 frhit for a fixed period at the simple interest rate of 11% per annum. He paid the amount of Rs 14880. Find the time for which money was borrowed​

Answer 1

Answer:-

In bookkeeping, a bank reconciliation is the process by which the bank account balance in an entity’s books of account is reconciled to the balance reported by the financial institution in the most recent bank statement. Any difference between the two figures needs to be examined and, if appropriate, rectified.

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Answer 2

Answer:-

In bookkeeping, a bank reconciliation is the process by which the bank account balance in an entity’s books of account is reconciled to the balance reported by the financial institution in the most recent bank statement. Any difference between the two figures needs to be examined and, if appropriate, rectified.

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