Multiple choice

Find the simple interest on Rs. 3000 at 25/4 % per annum for the period from 4th feb. 2005 to 18th April 2005.

  1. Rs. 37.50

  2. Rs. 38.50

  3. Rs. 39.50

  4. Rs. 31.50
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Time = ( 24 + 31 + 18 ) days = 73 days = 73/365 year = 1/5 year P = 3000, R = 25/4 % p.a S.I = ( 3000 ´ 25/4 ´ 1/5 ´ 1/100 ) = 37.50

Keep practicing — related questions