chapter name: simple interest 16 rs 41 75 was paid as interest on rs 835 at 25/4% per annum - Maths - Life Mathematics

Question

​chapter name: simple interest
16 rs 41 75 was paid as interest on rs 835 at 25/4% per annum if
the date of lending was 5 june 2009, find the date up to which the
interest was paid

Shruti Tyagi · Accepted Answer

Dear Student,

Simple interest can be found out using the formula

SI=P×R×T100where SI=41
75,P=835,R=254,T=? yearsPutting values41
75=835×25×T4×10016×41
75=835×T⇒T=16×41 75835T=0 79904 years
As we have to find the day on which we received this intereset, we will convert the above time in daysNumber  of days in 1 year=365Number of days in 0
79904 years=365×0 79904=291
65 days≈292 days
so date on which interest was paid=5 June 2009 +292 days=24 Mar 2010

Regards,

​chapter name: simple interest 16. rs 41.75 was paid as interest on rs 835 at 25/4% per annum. if the date of lending was 5 june 2009, find the date up to which the interest was paid.

chapter name: simple interest
16. rs 41.75 was paid as interest on rs 835 at 25/4% per annum. if the date of lending was 5 june 2009, find the date up to which the interest was paid.