find the si on 6400/- lent 10% pa from March 3 to July 27 of the same year
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Answer:
We need to get the time.
The time is as follows :
3rd April = 1 month
3rd May = 1 month
3rd June = 1 month
3rd july = 1 month
3rd july to 27th July = 24 days
in months we have = 24/31 = 0.77419
Total time = 4.77419 months
Simple interest = Principle × rate × time
= 306.25 × 4.77419/12 × 3.75/100
= rs 4.569
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