Question

Find the simple interest on the rs. 2000 at 25/4% per annum for the period from 4th feb 2005 to 18th april 2005

Answer 1

i hope this is helpful for you

Answer 2

The options for this question are missing. Here are the missing options:

A. Rs 25

B. Rs 30

C. Rs 35

D. Rs 40

Answer:

We will not count the day when the money is deposited we will only count the day when the money is withdrawn.

Now we will calculate the number of days:

Time = (24+31+18) days = 73/365 years = 1/5 years

P = 2000

R = 25/4%

Simple Interest =2000×254×5×100

=25

The final answer is Option A: 25