Question
What will be the simple interest on Rs. 6,20,000 from
March 30, 2011 to November 04, 2011 at 12 % p.a?Solution
Principal= Rs. 6,20,000, R= 12% p.a., T = 219 days = `(219)/(365)` Year ∴ Simple Interest = `(620000 xx 12 xx 219)/(100 xx 365)` S I = Rs. 44,640
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