Simple Interest Practice Test 3

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Question : 4 of 40

Marks: +1, -0

Find the simple interest on Rs 7,300 at

6 1/4 %

per annum for the period from 18th Feburary 2014 to 18th March, 2014

Rs 32
Rs 27
Rs 35
Rs 28
Rs 26

Solution:

Time = (10 + 18) days = 28 days =

28/ 365

year
P = Rs 7,300,

R = 6 1/4%=25/4%\p.\a

∴SI={P×R×T}/100

=\Rs. (73000×25/4×28/365×1/100)

= Rs 35

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