what sum of money borrowed on 24th may will amount to rupees 10210. 20 on 17th October of the same here at 5% per annum simple interest
Please answer with explanation
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Answered by
10
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
10210.20=[P×(146/365)×5]/100
10210.20×100=(P×146×5)/365
1021020=(P×146)/73
1021020=P×2
P=1021020/2
P=510510
Answered by
12
Time
May +June + July + August +September + October
= 7 + 30 + 31 + 31 + 30 + 17
= 146 days
=146/365 years.
R=5% per year
principal=P
S=(P×T×R)/100
10210.20=[P×(146/365)×5]/100
10210.20×100=(P×146×5)/365
1021020=(P×146)/73
1021020=P×2
P=1021020/2
P=510510
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