Ramesh deposit rs 2,0000 in a bank at 9% pa simple interest find the interest earned by him from 28 March 2008 to 21 August 2008
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Answer:
Total Time = 3 + 30 + 31 + 30 + 31 + 21 = 146 days
now
SI = (20000 × 9 × 146) / 365 × 100
SI = 720
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