Find the simple interest on ₹ 1300 from December 23, 2002, to May 18, 2003, at an interest rate of $7 \frac{1}{2} % .$ per annum.

₹ 39

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

₹ 49

No worries! We‘ve got your back. Try BYJU‘S free classes today!

₹ 45

No worries! We‘ve got your back. Try BYJU‘S free classes today!

₹ 35

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A
₹ 39

$P = ₹ 1300, R = \frac{15}{2} %$

To calculate Time (T)

Dec = 8 days (31 - 23)

Jan = 31 days

Feb = 28 days

March = 31 days

April = 30 days

May = 18 days

Total 146 days

So, $T = \frac{146}{365}$ years = $\frac{2}{5}$ years

S. I = $\frac{P R T}{100} = \frac{1300 \times 15}{100 \times 2} \times \frac{2}{5} = ₹ 39$

Suggest Corrections

Similar questions

What will be the simple interest on a sum of ₹ 1820 from March 12, 2003 to May 23, 2003 at 7.5% rate?

What will be the simple interest on a sum of Rs 1820 from March 11, 2003 to May 23, 2003 at 7.5% rate?

5, 000

8 %

23^{r d}

2003

29^{t h}

2004

5500

2 y e a r s 3 m o n t h s

7 \frac{1}{2}

Join BYJU'S Learning Program