1.

Quetion no (iv) solve

Answer»

There are 73 days, to pay interest.

73 days MEANS one fifth of the year(1/5).

15% of 1500 =

(1500/100) * 15 = 225.per annum( per 1 yr)

for 1/5 th yr = 225/5 = 45/-

simple interest = 45/-

Amount. = 1500+ 45 = 1545/-

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