Question

1) Find the simple interest on Rs 15840 at
$6 \frac{2}{3} \%$
per annum from 18th October 2011 to 12th March 2012. Also find the amount.​

Answer 1

si = pnr

n is in years

18th October 2011 to 18th march 2012

= 5 months + 6days

= 5/12 + 6/360 is 5/12 year approximately

si = 15840 × 20/3 × 5/12 ×1/100 = 440