Question

what amount will reena get by investing $ 4500 at 8 per annum for the period from September 8 to November 20 of the year 2015

Answer 1

The answer for tge following question is that the Rs483200




Mazak

Answer 2

Answer:

Simple Interest = $ 73 (Approx.)

Step-by-step explanation:

Principal = $4500

Rate of Interest = 8% per annum

                          = 0.08

Now, to find Simple Interest find time interval from September 8, 2015 to November 20, 2015

First find no of days from September 8 to November 20 = 2 months and 14 days

So, total time of Interest = 74 days = 0.20274 years

Now, Simple Interest = Principal × Rate × Time

⇒ Simple Interest = 4500 × 0.08 × 0.20274

Hence, Simple Interest = $ 73 (Approx.)