The simple interest on Rs.1920 from October 9, 1994 to December 21, 1994 at 15/2 % will be.

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08 Jul 2016 Simple Interest Opest

The simple interest on Rs.1920 from October 9, 1994 to December 21, 1994 at 15/2 % will be.

OPtion

1) Rs.22.50
2) Rs.24.50
3) Rs.32
4) Rs.21.90
5) Rs.27.30
6) Rs.36
7) Rs.28.80
8) Rs.31.40
9) Rs.29
10)None of these

Solution

Note that the day on which money is deposited is not counted and the day on which it is withdrawn is included.
Oct. Nov. Dec.
Time: 22+30+31 = 73 days
=> 73/365 days = 1/5 years
Therefore
SI = Rs. 1920*15/2*1/5*1/100 = Rs.28.80

Option 7)

Correct Option: 7 Best Solution (1)