Asked by payal
Find simple interest and amount for 850 from 10th March to 3rd August at 5% per anum
Answers
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
If using a 360-day year, then if there are k days, the interest is
850 * .05 * k/360
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