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Question

Find the simple interest  on Rs.  3000 at `6 1/4`%  per annum for the period from 4th  Feb. 2005 to 18th April 2005


Options:
A .  Rs. 36
B .  Rs. 37
C .  Rs. 37.50
D .  Rs. 38
Answer: Option C

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

P = Rs. 3000  and  R = `6 1/4`%  p.a. =  `25/4` % p.a.

`:.`     S.I. =  Rs. `(3000 xx 25/4 xx 1/5 xx 1/100)` =  Rs. 37.50.



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