Find the interest and amount on: Rs 5000 at 8% per year from 23rd December 2003 to 29th July - Maths -

Question

Find the interest and amount on: Rs 5000 at 8% per year from
23rd December 2003 to 29th July 2004

Sajal Agrawal · Accepted Answer

P = Rs 5000

R = 8%

T = 7 months 8 days( 2004 is a
leap year)

=

First of all we need to have for
7 months and 8 days apart

SI =

= +

= 233 33 +8 88

= Rs 242 21

Amount = 5000+242 21

= Rs 5242 21

Find the interest and amount on: Rs. 5000 at 8% per year from 23rd December 2003 to 29th July 2004.