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Question

Find the interest and the amount, respectively on :
Rs.50,000 at 8% per year from 23rd December 2003 to 29th July 2004.

A
Rs 2400 and Rs.5,2400
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B
Rs 2300 and Rs.5,2300
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C
Rs 2200 and Rs.5,2200
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D
Rs 2100 and Rs.5,2100
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Solution

The correct option is D Rs 2400 and Rs.5,2400
SI=P×r×t100
SI=5000×8×(7/12)100=2333.33=2400
Amount=P+SI=Rs.52333.3352400

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