New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

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

    2011 to November 04, 2011 at 12 % p.a?
    A Rs.4500 Correct Answer Incorrect Answer
    B Rs.4550 Correct Answer Incorrect Answer
    C Rs.4400 Correct Answer Incorrect Answer
    D Rs.5280 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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

    Practice Next

    Relevant for Exams: