ABC26GN4005 · Simple Interest

Subject: General Aptitude · Chapter: Simple Interest · Exam: · Marks: · Difficulty:

The simple interest on ₹ 1820 from March 9, 2012 to May 21, 2012 at $7 \frac{1}{2} \%$ rate will be

(a)₹ 22.50

(b)₹ 27.30

(c)₹ 28.80

(d)₹ 29

Answer

Answer (as printed): B

Explanation

Time $=\binom{\text { Mar }}{22+30+21}$ days $=73$ days $=\frac{1}{5}$ year. $$\text { ∴ S.I. }=₹\left(1820 \times \frac{15}{2} \times \frac{1}{5} \times \frac{1}{100}\right)=₹ 27.30 .$$

Explanation as extracted from the printed page; notation may be imperfect.

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