1.

Find the simple interest on Rs. 3000 at 6 1/4% per annum for the period from 4th Feb., 2005 to 18th April, 2005. 

Answer»

Time = (24+31+18)days = 73 days = 73/365 years = 1/5 years. 

P = Rs.3000 and R = 6 ¼ %p.a = 25/4%p.a 

S.I. = Rs.(3,000*(25/4)*(1/5)*(1/100)) = Rs.37.50.



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