Question
What is the simple interest on Rs. 73000 from March 30,
2011 to November 04, 2011 at 12 % p.a?Solution
Principal= Rs. 73000, R= 12% p.a., T= 2+30+31+30+31+31+30+31+4 = 220 days = 220/365 Simple Interest = PRT/100 = 73000 `xx` 12 `xx` 220 /(100 `xx` 365) S I = Rs. 5280
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