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Question

What amount will Reena get by investing Rs.4500 at 9/2 % per annum for the period from September 8 to November 20 of the year 2015


Solution

From september 8 to november 20 , the days must be converted into years = no of days divided by the total no of days in the year.

No of years = 73/365
                     =0.2      
The amount Reena get=

4500 + (4500×(9÷2)%x0.2)

4500+ (4500×4.5×1/100x.2)

4500+ 40.5
= Rs. 4540.5
​​​​​

 

Mathematics

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