Ex.2:Find the simple interest on 306. 25 from March 3rd to July 27that

1.	Ex.2:Find the simple interest on 306. 25 from March 3rd to July 27that 3-%per annum
Answer» We need to get the time. The time is as follows : 3rd April = 1 month 3rd May = 1 month 3rd June = 1 month 3rd july = 1 month 3rd july to 27th July = 24 days in months we have = 24/31 = 0.77419 Total time = 4.77419 months Simple interest = Principle × rate × time = 306.25 × 4.77419/12 × 3.75/100 = rs 4.569

Ex.2:Find the simple interest on 306. 25 from March 3rd to July 27that 3-%per annum

Answer»

We need to get the time.

The time is as follows :

3rd April = 1 month

3rd May = 1 month

3rd June = 1 month

3rd july = 1 month

3rd july to 27th July = 24 days

in months we have = 24/31 = 0.77419

Total time = 4.77419 months

Simple interest = Principle × rate × time

= 306.25 × 4.77419/12 × 3.75/100

= rs 4.569