Question

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

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

Principal= Rs. 6,20,000, R= 12% p.a., T = 219 days = `(219)/(365)` Year &there4; Simple Interest =`(620000 xx 12 xx 219)/(100 xx 365)` S I = Rs. 44,640

A Rs.45,000

B Rs.45,500

C Rs.44,000

D Rs.44,640

E None of these

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

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