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Asked by payal

Find simple interest and amount for 850 from 10th March to 3rd August at 5% per anum
9 years ago

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Answered by Steve
Figure how many days in that period.
If using a 360-day year, then if there are k days, the interest is

850 * .05 * k/360
9 years ago
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Find simple interest and amount for 850 from 10th March to 3rd August at 5% per anum

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