What amount will Reena get by investing ₹4,500 at 4 \times \frac{1}{2} % per annum for the period from September 8 to November 20 of the year 2015.
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P =4500
r =4 1\2 percentage
t =73 days ( u can also calculate it)
=interest = 4500 ×4 1 × 73\100×2×365
= 18
so, 18 is our simple interest
so. therefore amount = interest + p
=4500 +18 =4518
THANK YOU...Hope it is useful
r =4 1\2 percentage
t =73 days ( u can also calculate it)
=interest = 4500 ×4 1 × 73\100×2×365
= 18
so, 18 is our simple interest
so. therefore amount = interest + p
=4500 +18 =4518
THANK YOU...Hope it is useful
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