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Question

On what date will Rs. 1950 lent on 5th January, 2011 amount to Rs. 2125.50 at 5 percent per annum simple interest?


Solution

P= Rs. 1950
A=Rs. 2125.50
R= 5% p.a.
I= A-P
=Rs. 2125.50 -Rs. 1950
=Rs. 175.50
T=100×IP×R
=100×175.501950×5
=175509750=1755975=11765
=95 years = 145 years
1 years 292 days
Jan+Feb+March+April+May+June+July+Aug.+Sept.+Oct.
(31-5)+29+31+30+31+30+31+31+30+23
=292 days
Required date= 23rd October 2012


Mathematics
Concise Mathematics
Standard VIII

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