Find the amount of Rs. 2500 invested at 12% during the period from 4th February
Posted on 23-04-2023
Ques - Find the amount of Rs. 2500 invested at 12% during the period from 4th February, 2005 to 18 April 2005 :
(a) Rs. 3000
(b) Rs. 3800
(c) Rs. 2560
(d) Rs. 2600
Solution -
Given,
P = 2500
R = 12%
T = Feb + March + April
T = 24 + 31 + 18
T = 73 days
T = (73 / 365) years
T = (1/5) Years
So,
S.I. = (P×R×T) / 100
S.I. = [2500 × 12 × (1/5)] / 100
S.I. = 60
Amount = P + S.I.
Amount = 2500 + 60
Amount = 2560
Therefore,
The amount will be Rs. 2560.
Hence,
The correct answer is option (c) Rs. 2560.
Thank You