Question

What will be the simple interest on Rs. 700 at 9% per annum for the period from February 5, 1994 to April 18, 1994?
A.Rs. 12.60
B.Rs. 11.30
C.Rs. 15
D.Rs. 13

Answer 1

Heya !

Here is your answer =>

Answer: option A

time interval is given as February 5, 1994 to April 18, 1994 = 72 days = 72/365 = 0.197 years;

Now, interest = PTR/100;

= (700*9*0.197)/100;

= Rs. 12.41.

Hope this helps you

Answer 2

the answer is 12.60%