What sum of money borrowed on 24 may will amount to 10210.20 on 17 october of the ame year at 5% per annum simple interest
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Sum of the money borrowed is Rs 51,050.90
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Here, time
May June July August September October
= 7 + 30 + 31 + 31 + 30 + 17
=146 days
=146/365 years.
R=5% per annum and let principal=P
∴, S=(P×T×R)/100
or, 10210.20=[P×(146/365)×5]/100
or, 10210.20×100=(P×146×5)/365
or, 1021020=(P×146)/73
or, 1021020=P×2
or, P=1021020/2
or, P=510510 Ans.
May June July August September October
= 7 + 30 + 31 + 31 + 30 + 17
=146 days
=146/365 years.
R=5% per annum and let principal=P
∴, S=(P×T×R)/100
or, 10210.20=[P×(146/365)×5]/100
or, 10210.20×100=(P×146×5)/365
or, 1021020=(P×146)/73
or, 1021020=P×2
or, P=1021020/2
or, P=510510 Ans.
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