Question

Find the

simple interest on Rs 3750 at 5 1/2% per annum
for the period from 3rd february 2007 to 29th June 2007.​

Answer 1

Answer:

P = Rs 3750

R = 11/2% p.a

T = 3 Feb to 29 June 2007

= 25 + 31 + 30 + 31 + 29

= 146 days

= 146/365 years

As we know the formula

SI = PRT/100

= \frac{3750 \times 11 \times 146}{100 \times 2 \times 365} \\ \\ = 8.25

Therefore Interest is Rs 8.25