Find the simple interest on ₹8500 from 12th October, 1998 to 7th March, 1999 at 15% per annum.
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Time, T = 49/120 years
Rate = 15 %
and P = Rs. 8500
Hence, SI = P*R*T/100 = 8500*15*49/120*100 = Rs. 520.625
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