What sum of money borrowed on 24th May will amount to Rs. 10,210.20 on – InterviewSolution

1.	What sum of money borrowed on 24th May will amount to Rs. 10,210.20 on 17th October of the same year at 5% per annum simple interests ?
Answer» The number of days from 24 MAY to 17 OCTOBER is,7+30+31+31+30+17=146daysThe total TIME becomes 365146 .The rate is given as 5% per annum.S= 100P×R×T 10210.20= 365×100P×5×146 5×14610210.20×365×100 =PP=Rs510510

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