Question

2015 4 Kusum lent 2 18000 to Nirmal on 14 Jarkjary at 9%p.a How much interest did she get on this money on 21 Aug 2015

Answer 1

Given data:

The given principal is P=18,000.

The given rate of interest is r=9%.

The time from 14 january to 21 August is t=219 days.

The given time in year is T=219/365 year

The expression for the interest is,

`s.i.=(P* R* T)/(100)`

Substitute the given values in the above expression.

`\begin{gathered} s\mathrm{}i\mathrm{}=(18000*9*219)/(100*365) \\ =972 \end{gathered}`

Thus, the interest Kusum got is 972 rupees.