What sum, borrowed on May 24, 2004, will amount to 5105.10 on Oct. 17, 2004 at 5% per annum?
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Step-by-step explanation:
The number of days from 24 May to 17 October is,
7+30+31+31+30+17=146days
The total time becomes
365
146
.
The rate is given as 5% per annum.
S=
100
P×R×T
10210.20=
365×100
P×5×146
5×146
10210.20×365×100
=P
P=Rs510510
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