1.

Find the simple interst on 8600 from 12 October2005 to 6 March 2006 at 8% per annum

Answer»

Time period is = 20+30+31+31+28+6 = 141 days = 141/365 = 0.4 years

now S.I = P*R*T/100 = (8600*8*0.4)/100 = 275.2 Rs



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