On what date will ₹ 1,950 lent on 5th January, 2011 amount to ₹ 2,125.50 at 5 percent per annum simple interest?
Simple Interest
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Question

On what date will ₹ 1,950 lent on 5th January, 2011 amount to ₹ 2,125.50 at 5 percent per annum simple interest?

KnowledgeBoat · Accepted Answer

Given: P = ₹ 1,950 A = ₹ 2,125.50 R = 5% Let the time be As we know, And, years means 1 years and 292 days (∵ ). As the money was lent on 5th January, 2011, 1 year from 5th January, 2011 = 5th January, 2012 And 292 days = Jan (26 days) + Feb (29 days) + March (31 days) + April (30 days) + May (31 days) + June (30 days) + July (31 days) + Aug (31 days) + Sept (30 days) + Oct (23 days) Hence, the required date is 23^rd October, 2012.

Mathematics

On what date will ₹ 1,950 lent on 5th January, 2011 amount to ₹ 2,125.50 at 5 percent per annum simple interest?

Simple Interest

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