00:02
According to the question, we have to calculate balance out on the principal.
00:15
On the principal after 25th.
00:31
First let's calculate the time from april 7th to june 25th.
00:45
Which is 59 plus 18 days.
00:57
Which gives 77 days.
01:07
Next let's calculate the interest acquired on the principal from these 77 days.
01:18
Using the formula.
01:20
I equals p into 1 plus r by n the whole raise to n into t minus p.
01:38
Here i is interest acquired.
01:44
And n is the number of compounding periods per year.
01:57
And r is interest rate.
02:01
And p is principal amount.
02:04
And t is time in years.
02:09
So given that we are applying the equation with given terms.
02:13
Which is equals i equals p which is 48300 dollars.
02:21
Which means 48300 into 1 plus r by n.
02:33
R .09 divided by n whole raise to n into t.
02:41
Which is 1 into 77 by 365.
02:48
You know that here 77 days...