Question
What will be the simple interest on Rs. 6,20,000 from
March 30, 2011 to November 04, 2011 at 12 % p.a?Solution
Principal= Rs. 6,20,000, R= 12% p.a., T = 219 days = 219/365 Year ∴ Simple Interest = (620000 × 12 × 219)/(100 × 365) S I = Rs. 44,640
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