X owes Y the following sums of money due on the dates stated : Rs. 400 due on 5th January, 2000 Rs. 200due on 20th January, 2000 Rs. 800 due on 4th February, 2000 Rs. 100 due on 26th February, 2000 Rs. 50 due on 10th March, 2000 Calculate a date when payment made by X in one installment resulting in no loss of intrest to either party.
Answers
Answer:
ue Date :
⇒ August 10, 2011 + 3 Months + 3 Days = September 13, 2011.
⇒ October 23, 2011 + 60 Days + 3 Days = December 25, 2011
⇒ December 4, 2011 + 2 Months + 3 Days = February 7, 2012
⇒ January 14, 2012 + 60 days + 3 Days = March 18, 2012
⇒ March 08, 2012 + 2 Months + 3 Days = May 11, 2012.
⇒ Here, we are taking September 13, 2011 as a base date.
DueDate Amount
Rs. No.ofdaysfrom
September13,2011 Product
September 13, 2011 6000 0 0
December 25, 2011 5000 103 515000
February 7, 2012 4000 147 588000
March 18, 2012 2000 186 372000
May 11, 2012 3000 240 720000
Total 20000 2195000
⇒ AverageDueDate=BaseDate+
TotalAmount
TotalofProduct
⇒ AverageDueDate=September13,2011+
20000
2195000
⇒ AverageDueDate=September13,2011+109.7days
⇒ AverageDueDate=September13,2011+110days
∴ AverageDueDate=January01,2012
Explanation:
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Answer:
X owes Y the following sums of money due on the dates stated : Rs. 400 due on 5th January, 2000 Rs. 200due on 20th January, 2000 Rs. 800 due on 4th February, 2000 Rs. 100 due on 26th February, 2000 Rs. 50 due on 10th March, 2000 Calculate a date when payment made by X in one installment resulting in no loss of intrest to either party