Question

what sum of money lent out at 6.25% per annum simple interest produces rs. 37.50 as interest in 8 months.

Answer 1

Mr kumar borrowed rs 840 on december 3 1994 at simple interest upto and including feb 6 1995 the rate of interest being 5 1/2 % p.a and after that the rate was increased to 6 1/2 % p.a .what did...