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Find the amount of Rs. 2500 invested at ...

Find the amount of Rs. 2500 invested at 12% during the period from `4^(th)` February , 2005 to 18 April 2005 :

A

Rs . 3000

B

Rs. 3800

C

Rs. 2560

D

Rs. 2600

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The correct Answer is:
To find the amount of Rs. 2500 invested at 12% from 4th February 2005 to 18th April 2005, we will follow these steps: ### Step 1: Identify the Principal, Rate, and Time - **Principal (P)** = Rs. 2500 - **Rate (R)** = 12% - **Time (T)** = From 4th February 2005 to 18th April 2005 ### Step 2: Calculate the Time Period in Days - **Days in February** = 28 days (since 2005 is not a leap year) - **Days from 4th February to 28th February** = 28 - 4 = 24 days - **Days in March** = 31 days - **Days in April** = 18 days - **Total Days** = 24 (February) + 31 (March) + 18 (April) = 73 days ### Step 3: Convert Days to Years - **Number of Days in a Year** = 365 days - **Time in Years (T)** = 73 / 365 = 0.2 years (approximately) ### Step 4: Calculate the Amount using Compound Interest Formula The formula for compound interest is: \[ A = P \left(1 + \frac{R}{100}\right)^T \] Where: - \( A \) = Amount - \( P \) = Principal - \( R \) = Rate of interest - \( T \) = Time in years Substituting the values: \[ A = 2500 \left(1 + \frac{12}{100}\right)^{0.2} \] \[ A = 2500 \left(1 + 0.12\right)^{0.2} \] \[ A = 2500 \left(1.12\right)^{0.2} \] ### Step 5: Calculate \( (1.12)^{0.2} \) Using a calculator: \[ (1.12)^{0.2} \approx 1.023 \] ### Step 6: Calculate the Final Amount Now substituting back into the amount formula: \[ A \approx 2500 \times 1.023 \] \[ A \approx 2557.50 \] ### Final Answer The amount after investing Rs. 2500 at 12% from 4th February 2005 to 18th April 2005 is approximately **Rs. 2557.50**. ---
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