Question

Rs 7000 for 2 years 3 months at 4 paisa per rupee per annum

Answer 1

this is just example
Find the interest and amount on Rs.4000 in 4/3 years at 2 paise per rupee per month.

answer---Sol: Principal = Rs 4000 Time = 4/3 yearsRate of interest = 2 paise per rupee per month                        = 0.02 Rs per rupee per month                        = Rs 2 per Rs 100 per month                        = Rs 24 per Rs 100 per year Simple interest = (P x T x R) / 100                        = (4000 x 4/3 x 24) / 100                       = Rs 1280. Amount = principal + interest             = 4000 + 1280            = 5280. Therefore, Amount is Rs 5280.

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