What will be the interest of 1 day of 20500 rupee at a rate of 6.25 % yearly in a leap year. (Answer in approx)

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05 Nov 2013 Leap Year Interest What will be the interest of 1 day of 20500 rupee at a rate of 6.25 % yearly in a leap year. (Answer in approx): OPtion
1) 4.00
2) 2.00
3) 8.60
4) 6.70
5) 3.00
6) 5.40
7) 9.30
8) 1.80
9) 3.50
10)None of these; Correct Option: 9 Best Solution (59)

Rats 11 years AGO

Here P=20,500
R=6.25%
So for 1year Interest,I
I=PR/100
=(20500*6.25)/100
=1281.25
So for 1day,
=1282.25/366 (366 for leap year)
=3.50......Ans

Like? Yes (10) | No (1)

Mithlesh Prasad 11 years AGO

P=20500 rupee
R=6.25%
T=1/366 since it is a leap year.
therefore, I=(P*R*T)/100
I=(20500*6.25*1)/(366*100)
ON CALCULATING we get,
I=3.5006831
so, I=3.50(approx)

Like? Yes (3) | No

Muhammad Nadeem Haider Naseem 11 years AGO

interset in leap year=20500*6.25%=1281.25
interset in one day=1281.25/366=3.50 (approx)

Like? Yes (3) | No

Grishma Shah 11 years AGO

the year interest on 20500/- is 1281.25 at 6.25 interest.
the year is leap year hence 366 days in year.
1281.75/366 = 3.5
hence per interest is 3.5

Like? Yes (3) | No

VIKASH KUMAR SHARMA 11 years AGO

p=20500 rs, r=6.25%, t=1/366 (for leap year),
simple interest= (p*r*t)/100
= (20500*6.25*1/366)/100 = 3.50 rs (approx) ans

Like? Yes (3) | No

prabhat kumar 11 years AGO

principle=20500
rate=6.25%
time=1/366(because of leap year)
for 1 year simple interest and compound interest are same
so, simple interest = p*r*t/100
= 20500*6.25*1/100*366
= 3.50068306010929(appx 3.50)

Like? Yes (4) | No (1)

Suman Saurabh 11 years AGO

interest=20500*6.25*1/100*366=3.50

Like? Yes (3) | No (1)

Udhaya kumar 11 years AGO

20500*6.25/100=1281.25
per day 1281/366=3.5..........

Like? Yes (2) | No

dev kumar 11 years AGO

interest = (20500*6.25)/(366*100)

Like? Yes (2) | No

Manish Kumar 11 years AGO

20500*(1/366)*6.25/100 = 3.50 approx

Like? Yes (2) | No

ABHISHEK KUMAR MISHRA 11 years AGO

1 day =1/366 year

S.I=p*r*t/100

S.I=(20500*6.25*1)/100*366 = 3.50

Like? Yes (2) | No

vikash kumar 11 years AGO

6.25*20500*366
-------------------- = 3.51
365*365*100

Like? Yes (2) | No

abhi 11 years AGO

s.I= p*r*t/100
it is leap year =366
t= 1/366
p=20500
r=6.25
si=(20500*6.25*1)/(100*366)=3.50

Like? Yes (2) | No

HARI om kashyap 11 years AGO

20500*6.25/100=1281.25
per day interest will be
1281.25/366=3.5

Like? Yes (2) | No

praneeth 11 years AGO

interest=P*T*R/100;
T=1/366(since it is being a leap year);
substituting in the interest formula we get
i=(20500*1*6.25)/(366*100)=128125/36600=3.50

Like? Yes (2) | No

Shrikant kumar 11 years AGO

p=20500,r=6.25%,t=1/366(since in a leap year there are 366 days,hence for 1 days t=1/366)
s.i=(p*r*t)/100
si=(20500*6.25*1)/100*366=3.50

Like? Yes (1) | No

ishita gorai 11 years AGO

20500*6.25/100=1281.25
per day interest will be
1281.25/366=3.5

Like? Yes (1) | No

Rajan 11 years AGO

on calculating the 6.25% interest on 20,500 will be 1281.25 on dividing that with 366 days(leap year) it will 3.500683 so app 3.5

Like? Yes (1) | No

moumita majee 11 years AGO

20500*6.25/100=1281.25
per day interest will be
1281.25/366=3.5

Like? Yes (1) | No

Md.Sultan Khichi 11 years AGO

as we know SI=p*r*t/100
so SI= 20500*6.25*1/100=1281.25
so one day interest=1281.25/366=3.50
Ans:9

Like? Yes (1) | No

Lavankumar Reddy 11 years AGO

20500*6.25%=1281.25
=1281.25/366(leap year)
=3.50

Like? Yes (1) | No

Abhishek Kumar 11 years AGO

interest for 1 year(366 days) / 366

Like? Yes (1) | No

SHAIK SADDAM HUSSAIN 11 years AGO

(20500*6.25)/36600

Like? Yes (1) | No

Jyothi 11 years AGO

for year interest=0.0625*20500=1281.25
for day=1281.25/366=3.5

Like? Yes (1) | No

ArunKumar 11 years AGO

Inetrest for a year = 20500 * 6.25 /100 *1 = 1281.5
for a day = 1281.5/366 = 3.50

Like? Yes (1) | No

PINKY 11 years AGO

SI = (20500*6.25*1)/(100*366)
= 3.50 APPROX

Like? Yes (1) | No

prem singh 11 years AGO

leap yaer=366 days
r=6.25
p=20500
1 day interest =(p*r/100)/leap year days
=20500*6.25/366*100
=128125/36600
=3.50

Like? Yes (1) | No

Yapadinne Raju 11 years AGO

we have 366 days in a leap year.
1 day convert into years=1/366 years
interest=(20500*6.25*1)/(100*366)
=(205*625)/36600
=3.50(approx)

Like? Yes (1) | No

kakali sarkar 11 years AGO

it will be= (6.25/366*100)*20500

Like? Yes (1) | No

ALOK KUMAR NAYAK 11 years AGO

interest = (20500*6.25*366)/(100*365)
interest = 1284.76057
interest/day = 3.50 (approx)

Like? Yes (1) | No

Prakash kumar 11 years AGO

si = (20500*6.25)/(100*366)
= 3.50 approx

Like? Yes (1) | No

prasanth_ponnaluri 11 years AGO

one year interest for a leap year = (20500*1*6.25)/100 = 1281.25 this is per 366 days
so for one day it is 1281.25 / 366 = 3.500

Like? Yes (1) | No

Abhinav Kumar 11 years AGO

interest = (20500*625*1)/(366*100*100)
here time = 1/366 in yr.

Like? Yes (1) | No

GAYATHRI 11 years AGO

yearly interest=6.25%
interest for the amount of 20500 for 366 days(1 leap year)=20500*6.25/100=1282.275
interest for the amount of 20500 for 1 day=1282.275/366=3.50348

Like? Yes (1) | No

Mithun Kumar Kesari 11 years AGO

interest= principal*time(in year)*rate
=20500*(1/366)*(6.25/100)=3.50

Like? Yes (1) | No

Chithra 11 years AGO

20500*(6.25/100)=1281.25
1281.25/366=3.5

Like? Yes (1) | No

Rashmi bharti 11 years AGO

Interest for 1 day = (20500*0.0625)/366
Interest for 1 day = 3.5006
Ans= 3.5

Like? Yes (1) | No

Laltu banerjee 11 years AGO

20500*6.25%=1281.25
1281.25/366=3.50

Like? Yes (1) | No

TANMOY DUTTA GUPTA 11 years AGO

6.25%/366*20500*1/100=3.50

Like? Yes (1) | No

Saket chhitij 11 years AGO

intrest per year=20,500*6.25/100=1281.25

intrest per day =1281.25/365=3.51

Like? Yes (1) | No

R.RAVIKUMAR 11 years AGO

(20500*6.25*(1/366))/100=3.5

Like? Yes (1) | No

prakash kumar 11 years AGO

in a leap year=366 days, in one leap year 6.25% interest of 20500 rupee=(20500*6.25)/100 =1281.25, in 1 year interest=1281.25, then in one day=1281.25/366= 3.500683,nearest option is 9 .

Like? Yes (1) | No

lovkesh goyal 11 years AGO

because everybody know a Leap year have 366 days so in the ques given a 1 day so we have convert 1 day into a year so
366 days have 1 year
so 1 day have 1/366 year

so according to formula
s.i=(p*t*r)/100
so (20500*1*6.25)/(366*100)~=3.50

Like? Yes (1) | No

Pratyush Praveen 11 years AGO

first we find out the si for one year
si= (p*R*T)/100=(20500*6.25*1)/100=1281
so this is the interest for one year and interest for one day is 1281/366=3.50

Like? Yes (1) | No

pavan 11 years AGO

SI=(PTR/100)
(20500*6.25)/(100*366)=3.50

Like? Yes (1) | No

Sourav Maity 11 years AGO

we know,simple interest=(p*r*t)/100=(20500*6.25*1)/100=1281.25 in a year.In leap year there are 366 days. so,interest for 1 day =1281.25/366=3.50(approx)

Like? Yes (1) | No

ChinnaChowdaiah 11 years AGO

I=PTR/100
P=20500
T=1year
R=6.25%
I=1281.25 for year.
so for 1 day in leap year the interest becomes
1281.25/366
~ 3.50

Like? Yes (1) | No

SWATI MISHRA 11 years AGO

because 1 day is 1/366 part of an year.

Like? Yes (1) | No

mssurya 11 years AGO

it's a basic simple interest question by that we can answer

Like? Yes (1) | No

AMIT 11 years AGO

Rate for 365 days=6.25%
Rate for 366 days=6.25/365*366=6.26
time=1/366 year
So,
S.I.=(20500*6.26*1)/(100*366)=3.50

Like? Yes (1) | No

Alok kumar 11 years AGO

SI=(20500*625*1)/(100*366*100)
=3.50

Like? Yes (1) | No

surbhi 11 years AGO

interest= P*R*T/100
P=20500
R=6.25
T=1/366

Like? Yes (1) | No

Gudivada sunitha 11 years AGO

interest=prt/100, t=1/366, i= (20500*6.25*1)/(366*100)=3.50

Like? Yes (1) | No

Mahesh 11 years AGO

for 365 day interest comes up to 1281.25
(6.25/100 * 20500)
for 1 day it will 1281.25/365= 3.50 (approx)

Like? Yes (1) | No

dishant 11 years AGO

p=20500,r=6.25%,time=1/365yr
si=prt/100
si=(20500*6.25*1)/(100*365)
si=3.51

Like? Yes (1) | No

Kishan Kumar Singh 11 years AGO

since Interest = (P*R*T)/100
therefore, I=(20500*6.25*1)/100 =1281.25
and since it is for 366 days therefore for 1 day it will be equal to 1281.25/366 = Rs. 3.50 Ans

Like? Yes (1) | No

satya 11 years AGO

actual answer is 3.50

Like? Yes (1) | No

mirtunjay verma 11 years AGO

for leap year 1 interest=1/366 so solution will

(20500*6.25*1)/(100*366)

Like? Yes (1) | No

Aakash Kumar 11 years AGO

20500*1*6.25/100*366=3.50

Like? Yes (1) | No

Dimple

India

Punjab

Time: 00:01:33

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What will be the interest of 1 day of 20500 rupee at a rate of 6.25 % yearly in a leap year. (Answer

M4maths Previous Puzzles

05 Nov 2013 Leap Year Interest