The simple interest on Rs.36,000 for the period from 5th January to 31st May, 2013 at 9.5% per annum is :

  1. Rs.1,425
  2. Rs.1,400
  3. Rs.1,368
  4. Rs.1,338
Anurag Mishra Professor Asked on 29th December 2015 in Maths.
Add Comment
1 Answer(s)

Answer is Rs. 1, 425.

Explanation:-
Princinpal = 36, 000,  Time = 5 months & rate = 9.5%.

Then, Simple Interest = 36, 000 x 5 x 19/2 x 12 x 100
 = 15 x 5 x 19
 = Rs. 1, 425

Then, the simple interest is Rs. 1, 425. 

Hence, the correct answer is (1) Rs. 1, 425. 

Monis Rasool Professor Answered on 29th December 2015.
Add Comment

Your Answer

By posting your answer, you agree to the privacy policy and terms of service.