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CBSE Class 7 Answered

Respected sir/ma'am, Can you please give me answer of this question: "Avnish deposited rupees 25000 in a bag on December 25th 2012 and close this account on March 8 2013. If the bank allows an interest of rate of 8% per annum, what amount did he get on closing the account?
Asked by ranksahoo | 04 Feb, 2018, 09:31: PM
Expert Answer
begin mathsize 16px style First space we space will space count space days space from space 25 space Dec space 2012 space till space 8 space Mar space 2013. Dec space 7 space days Jan space 31 space days Feb space 28 space days Mar space space space space 8 space days Total space equals space 74 space days straight n equals 74 over 365 comma space straight r equals 8 percent sign space straight p. straight a. comma space straight P equals Rs. space 25000 SI space equals space space 25000 cross times 74 over 365 cross times 8 over 100 SI equals 405.48 straight A equals space straight P plus SI straight A equals 25000 plus 405.48 straight A equals Rs. space 25405.48 end style
Answered by Sneha shidid | 05 Feb, 2018, 09:39: AM

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