1.

Find the interest of `300Rs` from `3rd` March to `15` May, `2016` at the rate of annual simple interest of `6%`

Answer» Time `=28` days in March `+30` days in April `+15` days in May.
`=73` days `=(73)/(365)` year `=(1)/(5)` year
`:.` Total interest `=Rs(300xx6xx1)/(100xx5)=Rs(18)/(5)=Rs3.60`
`:.` The required interest `=Rs3.60`


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