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    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

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