Question 123

The simple interest on ₹36,000 for the period from 5th January to 31st May, 2013 at 9.5% per annum is

Solution

Given P = 36,000, R = 9.5% and

Time period from 5th january to 31st may = 146 days

Simple interest = $$\frac{PTR}{100}$$ = (36,000 x 9.5 x $$\frac{146}{365}$$) / (100)

S.I = $$\frac{499320}{365} = 1368$$

Hence, option A is the correct answer.

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