Question 63 State weather the given statement is true or false.
The interest on ₹ 350 at 5% per annum for 73 days is ₹ 35.
False Given, P = ₹ 350, R = 5 % and T= 73 days = 73365yr ∴ I=P×R×T100 I=350×5×73100×365=12775036500=₹ 3.5
Question 35
The compound interest on Rs 8000 for one year at 16% per annum compounded half-yearly is___ , given that (1.08)2 = 1.1664.