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ICSE Class 7 Answered

A man borrows rupees 4500 at 8% per annum S.I. on 7th January 1997 .He paid back the entire principal through with interest on 14th August 1997 how much money did he pay

Asked by aryaakhil | 22 Sep, 2019, 08:57: AM
Expert Answer
P = Rs. 4500, r = 8% p. a. n = 220 days from 7th Jan 1997 to 14th Aug 1997
 
SI = 4500 × 220/365 × 8/100 = Rs. 216.98 ≈ Rs. 217
He paid 4500 + 217 = Rs. 4717
Answered by Sneha shidid | 04 Oct, 2019, 09:44: AM

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