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Ram borrowed Rs.2500.00 from bank on January 8, 2009, at 12% per annum. Howmuch total amount will be return to Bank on March 21, 2009. |
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Answer» Answer: Rs.3000 Step-by-step explanation: Normally number of days is calculated by excluding either LAST date or first date. Here we exclude the last date. Number of days from 1st January 2012 to 6th August 2012 = 31(Jan) + 29(Feb) + 31(Mar) + 30(Apr) + 31(May) + 30(JUN) + 31(JUL) + 6(Aug) = 219 P + P × 8 × 219 365 100 = 3144 P + P × 8 × 3 5 100 = 3144 100 P + 24 P 5 = 314400 524 P 5 = 314400 P = 314400 × 5 524 = 600 × 5 = 3000 |
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