NCHMCT JEE 2020 Question Paper with solutions for online practice

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Question : 70 of 200

Marks: +1, -0

The simple interest on ₹7300 from 11 May, 1987 to 10 September, 1987 (both days included) at

5 \%

per annum is

₹ 123
₹ 103
₹ 200
₹ 223

Solution:

Time from 11 May to 10 September, 1987

\;\; =21+30+31+31+10

\;\; =123 \;\text " days "\;

∴ \;\; \;\text " Time "\; \;\; =123 \;\text " days "\;=\;{123}/{365} {\yr}

Then,

{SI}=\;{P × R × T}/{100}

{SI}=\;{7300 × 123× 5}/{365 × 100}= {F} 123

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