Question

Shashi makes a fixed deposit of $Rs.50000$ in a Bank for $73$ days. If the rate of interest be $6.5\%$ per annum what amount does she get on maturity of $FD$ ?

• A. $Rs.6650$
• B. $Rs.49350$
• C. $Rs.50650$
• D. None of these

Answer 1

The correct option is C $Rs.50650$

$A=P+S.I.$
$=50000+\frac{50000\times 6.5\times \frac{73}{365}}{100}$
$=50000+650=Rs.50650$