rupees 41.75 was paid as the interest
on rupees 835 at 25/ 4% per annum if the date of lending was 5 January 2009 find the date up to which the interest was paid
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Step-by-step explanation:
A/q
Principal = 835
Simple interest = 41.75
Rate = 6 1/4 % = 25/4 %
Date = 5 January 2009
Time = S.I × 100/P × R
= 4175 × 100 × 4/835 × 25 × 100
= 4175 × 4 / 835 × 25
= 167 × 4/835
= 668/835
= 0.8
Now, the time is 8 months
So, the date will be 5 jan. 2009+ 8 mon.
= 5 September. 2009; ans.
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