Question

Find the Simple Interest on 6,500 at 8% from 5 January 2015 to 19 March 2015​

Answer 1

Answer:First, we will calculate the no. of days

January- 27 ( including 5th Jan) + February - 28 days + March - 18 days (Here 19 is not included as the amount is paid on that day)

Total days - 73

Time = 73/365, Principal= 6,500 Rate= 8%

SI = (P x R x T)/100

= (6500 x 8 x 73/365)/100

= 104

Hence SI is Rs. 104