Find the simple interest on Rs. 306.25 from March 3rd to July 27th( In the same year ) at 3.75 percent.
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Answer:
Here we have
Principle = 306.25 Rs
Rate= 3.75%
Time= 28+30+31+30+27=146 days
Time in years= 146/365= 0.4 years
S.I= p×r×t/100
= 306.25× 3.75×0.4/100
= 459.375/100
= 4.5937
Round of = 4.6 Ans
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