Question

Find the S.I. on 3000 at 64

1% per annum for the period from 4th February 2020 to 18th

April 2020.​

Answer 1

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GIVEN :-

P = ₹3000

R = 6¼%.

SOLUTION :-

Time = (24+31+18)days

= 73 days = 73/365 years = 1/5 years. 

P = Rs.3000

R = 6 ¼ %

p.a = 25/4%

S.I = Rs.(3,000*(25/4)*(1/5)*(1/100)) = Rs.37.50.