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