Question

rate 10% p.a. time 73 days interest 550​

Answer 1

Answer:

According to the questions,

r = 10%

t = 73 days

To convert days into year we divide the number of days by 365

Interest = 550

INTEREST = (PRINCIPAL × RATE × TIME ) / 100

550 × 100 = (73 × P) / 365

55000 = 1/5 P

P = 275000rs

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