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