Question
The simple interest on Rs.7,300 from 11 May, 1987 to 10 September, 1987 (both days included) at 5% per annum is
Answer: Option B
Answer: (b)Using Rule 1,Time from 11 May to 10 September, 1987= 21 + 30 + 31 + 31 + 10= 123 daysTime = 123 days = $123/365$ yearS.I. = ${7300 × 123 × 5}/{365 × 100}$ = Rs.123
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Answer: (b)Using Rule 1,Time from 11 May to 10 September, 1987= 21 + 30 + 31 + 31 + 10= 123 daysTime = 123 days = $123/365$ yearS.I. = ${7300 × 123 × 5}/{365 × 100}$ = Rs.123
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