X borrowed rs.5000 on 7th of june 2006 and returned it on 19th august 2006. find the amount he paid. if the interest is calculated at 7%per annum
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At first 7%per annum ... means 1 year =7%
then 12month=7%. 1montg=7/12%..........
4week =7/12%.... 2week =7/24. then totall interest is 72.916 in 5000 into 2 months and2week then ans is5072.916
then 12month=7%. 1montg=7/12%..........
4week =7/12%.... 2week =7/24. then totall interest is 72.916 in 5000 into 2 months and2week then ans is5072.916
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