Question
The simple interest on Rs.500 at 6% per annum from May 3rd to July 15th in the same year is
The simple interest on Rs.500 at 6% per annum from May 3rd to July 15th in the same year is
Answer: Option B
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Answer : Option B
Explanation :
Time from May 3rd to July 15th = 28 days of May + 30 days of June and 15 days of July
$MF#%\text{= 73 days= }\dfrac{73}{365}\text{ years = }\dfrac{1}{5}\text{ years}$MF#%
$MF#%\text{Simple interest = }\dfrac{\text{PRT}}{100}= \dfrac{500 \times 6 \times \dfrac{1}{5}}{100} =
6$MF#%
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