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Simple Interest Practice Test 3
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© examsnet.com
Question : 4
Total: 40
Find the simple interest on Rs 7,300 at
6
1
4
%
per annum for the period from 18th Feburary 2014 to 18th March, 2014
Rs 32
Rs 27
Rs 35
Rs 28
Rs 26
Validate
Solution:
Time = (10 + 18) days = 28 days =
28
365
year
P = Rs 7,300,
R
=
6
1
4
%
=
25
4
%
p
.
a
∴
S
I
=
P
×
R
×
T
100
=
Rs
.
(
73000
×
25
4
×
28
365
×
1
100
)
= Rs 35
© examsnet.com
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