Question

What is the simple interest on Rs 5000 at $6\frac{1}{4}$% per annum from 9th May 2018 to 21st July 2018

• A. 12.25
• B. 25
• C. 37.75
• D. 50
• E. 62.5

Answer 1

The correct option is E 62.5

$\text{No of Days}=22+30+21=73\frac{73}{365}=\frac{1}{5}yearSI=5000\times \frac{25}{4}\times \frac{1}{5}\times \frac{1}{100}=62.5$