Question

Santhosh kumar invested Rs 15,000 at 15% interest from 17th June 1999 to 10th November 1999. Calculate the interest and amount.

Answer 1

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Here is your answer.

P = Rs. 15,000
T = 17th June 1999 to 10th November 1999

= 13 + 31 + 31 + 30 + 31 + 10

= 146 days

Therefore, T = 146\365 years

= 2\5 years

R = 15%

$si = \frac{p \times t \times r}{100} \\ \\ = \frac{15000 \times 2 \times 15}{100 \times 5} \\ \\ = 900$
Therefore, Simple Interest is Rs. 900

Amount = Simple Interest + Principal

= Rs. (15000 + 900)

= Rs. 15,900

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Answer 2

Hi friends

Here is your answer

P = Rs 15000

T = 146 days = 146/365 years
= 2/5 years

R = 15%

As SI = PRT/100
$= \frac{15000 \times 15 \times 2}{3 \times 100} \\ = 900$

So Amount = P + SI
$= 15000 + 900 \\ = 15900$
Hope it helps you

@ MSD