Question

What will be the simple interest on Rs. 6,20,000 from March 30, 2011 to November 04, 2011 at 12 % p.a?

A Rs.45,000 Correct Answer Incorrect Answer
B Rs.45,500 Correct Answer Incorrect Answer
C Rs.44,000 Correct Answer Incorrect Answer
D Rs.44,640 Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

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

Practice Next

Relevant for Exams:

×
×