Stella deposit ₹ 46,000 in a special investment account on 8th March . If the account pays 9½% p.a simple interest and she withdraws the money on 31st July , how much has she earned during this time ?
Answers
Answer:
Rs 1748.
step-by-step explaination:
amount deposited = Rs 46000
Interest rate = 9.5% p.a
find the number of days from 8th March to 31 july
8th march to 31 march = 24 days
1 April to 30 April = 30 days
1 may to 31 may = 31 days
1 June to 30 June = 30 days
1 july to 31 July = 31 days
Total = 24 + 30 + 31 + 30 + 31 = 146 days
Find the interest for a year:
Interest = 9.5% of Rs 46 000
Interest = 0.095 × 46000 = Rs 4370
Find the interest for 146 days:
Interest = 146/365 × 4370 = Rs 1748
Answer: she earned Rs 1748 during this time.
hope it will helps you❤✔️
Answer:
Answer:
Rs 1748.
step-by-step explaination:
amount deposited = Rs 46000
Interest rate = 9.5% p.a
find the number of days from 8th March to 31 july
8th march to 31 march = 24 days
1 April to 30 April = 30 days
1 may to 31 may = 31 days
1 June to 30 June = 30 days
1 july to 31 July = 31 days
Total = 24 + 30 + 31 + 30 + 31 = 146 days
Find the interest for a year:
Interest = 9.5% of Rs 46 000
Interest = 0.095 × 46000 = Rs 4370
Find the interest for 146 days:
Interest = 146/365 × 4370 = Rs 1748
Answer: she earned Rs 1748 during this time.
hope it will helps you❤✔️