Question

The simple interest on Rs. $18200$ from March $9,2001$ to May $21,2001$ at $7\frac{1}{2}$ % rate will be

• A. Rs. $290$
• B. Rs. $273$
• C. Rs. $288$
• D. Rs. $225$

Answer 1

The correct option is B Rs. $273$

March + April + May $=22+30+21=73days$
$=\frac{73}{365}year=\frac{1}{5}year$
$\therefore$ Interest $=Rs.(18200\times \frac{1}{5}\times \frac{15}{2\times 100})$
$=Rs.273$