Find the simple interest on Rs. 3000 at $6 \frac{1}{4}$ % per annum for the period from

4th Feb., 2005 to 18th April, 2005.

Question

A. 37.50

B. 37

C. 38

D. 23.40

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Correct Answer :

A. 37.50

Time = (24+31+18)days = 73 days = 73/365 years = 1/5 years.

P = Rs.3000 and R = 6 ¼ %p.a = 25/4%p.a

S.I. = Rs.(3,000*(25/4)*(1/5)*(1/100))= Rs.37.50.

Find the simple interest on Rs. 3000 at 614% per annum for the period from4th Feb., 2005 to 18th April, 2005.