Advertisements
Advertisements
Question
Find the interest and the amount on:
₹ 5,000 at 8% per year from 23rd December 2011 to 29th July 2012.
Advertisements
Solution
Given: Principal (P) = ₹5000
Rate (R) = 8% p.a.
Time (T) = 23 December 2011 to 29 July 2012
| Dec. | Jan. | Feb. | March | April | May | June | July |
| 8 | 31 | 29 | 31 | 30 | 31 | 30 | 29 |
Total of 219 days =`219/365`years
∴ S.I. = `(P xx R xx T)/100`
= `(5000 xx 8 xx 219)/(100 xx 365)`
= `(5000 xx 8 xx cancel(219)^3)/(100 xx cancel(365)^5)`
= `(5000 xx 8 xx 3)/(500)`
= `(cancel(5000)^10 xx 8 xx 3)/cancel(500)`
= 10 × 8 × 3
= ₹ 240
∴ Amount = P + I
= ₹ 5000 + 240
= ₹ 5240
APPEARS IN
RELATED QUESTIONS
Find the interest and the amount on:
₹ 750 in 3 years 4 months at 10% per annum.
The simple interest on a certain sum of money is `3/8` of the sum in `6 1/4` years. Find the rate percent charged.
Angela deposited 15000 rupees in a bank at a rate of 9 p.c.p.a. She got simple interest amounting to 5400 rupees. For how many years had she deposited the amount?
Vilasrao borrowed Rs. 20000 from a bank at a rate of 8 p.c.p.a. What is the amount he will return to the bank at the end of the year?
Sheela has paid simple interest on a certain sum for 4 years at 9.5% per annum is ₹ 21,280. Find the sum
Simple interest on a given amount is always less than or equal to the compound interest on the same amount for the same time period and at the same rate of interest per annum.
The difference of interest for 2 years and 3 years on a sum of ₹ 2100 at 8% per annum is ______.
The ______ of interest on a sum of ₹ 2000 at the rate of 6% per annum for `1 1/2` years and 2 years is ₹ 420.
Chalk contains 10% calcium, 3% carbon and 12% oxygen. Find the amount of carbon and calcium (in grams) in `2 1/2` kg of chalk.
₹ 9000 becomes ₹ 18000 at simple interest in 8 years. Find the rate per cent per annum.
