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      Question

      What is the simple interest on Rs. 73000 from March 30,

      2011 to November 04, 2011 at 12 % p.a?
      A Rs.4,500 Correct Answer Incorrect Answer
      B Rs.4,550 Correct Answer Incorrect Answer
      C Rs.4,400 Correct Answer Incorrect Answer
      D Rs.5,256 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Given: Principal = Rs. 73,000
      Rate = 12% p.a.
      Time = From March 30, 2011 to November 04, 2011 Now, number of days: March = 1 day
      April = 30 days
      May = 31 days
      June = 30 days
      July = 31 days
      August = 31 days
      September = 30 days
      October = 31 days
      November = 4 days Total time = 1 + 30 + 31 + 30 + 31 + 31 + 30 + 31 + 4 = 219 days Simple Interest = (P × R × T)/100 Here, time = 219/365 years Simple Interest = (73000 × 12 × 219)/(100 × 365) Simple Interest = 200 × 12 × 219 Simple Interest = Rs. 5,25,600/100 Simple Interest = Rs. 5,256

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