Question

Find the SI on Rs.7300 from 11th May 2 005 to 14 September 2005 at 6% per annum

Answer 1

principal= 7300
si = ?
rate = 6% per annum
time:-
number of days in may = 31-14 = 17
number of days in June= 30
number of days in July= 31
number of days in August= 31
number of days in September= 14
total number of days = 17+30+31+31+14 = 123
as this time is in days, we convert it into years by dividing it by 365
time= 123/365
Si = P×R×T /100
=> 7300×6×123/100×365
=> 43800×123/36500
=> 5387400/36500
=> 147.6
hence, the required SI is 147.6 rs