Multiple choice

The simple interest on Rs. $18200$ from March $9, 2001$ to May $21, 2001$ at $7\cfrac{1}{2}$ % rate will be

  1. Rs. $290$
  2. Rs. $273$
  3. Rs. $288$
  4. Rs. $225$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The number of days from March 9, 2001 to May 21, 2001 is calculated as 22 days in March, 30 days in April, and 21 days in May, totaling 73 days. Since 73 days is exactly 1/5 of a year, the simple interest is calculated as 18200 * (15/2)% * (1/5) = Rs. 273.

AI explanation

Counting the days from March 9 to May 21 in 2001 gives 73 days, which equals 73/365 or 1/5 of a year. Using the simple interest formula, Simple Interest = (18200 * 7.5 * 1) / (100 * 5) = Rs. 273.

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