Find the Simple Interest on 7300 from 10th June, 2009 to 12th October, 2009 at 5%
per annum.
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Answer:
number of days from 10th June to 12 th October
June- 20days
July-31 days
August-31days
September-30 days
October-12days
total =(20+31+31+30+12) days=124days
=124/365year
simple interest=principal×rate of interest×time/100
=7300×5×124/365×100Rs
=73×5×124/365 Rs
=124Rs
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