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Find the simple interest on ₹3000 at 6\(\frac{1}{4}\) % per annum for the 4 period from 5th Feb, 2005 to 18th April 2005. |
₹35.20 ₹37.50 ₹32.25 ₹39.35 |
₹37.50 |
No. of days in the period of 5th Feb, 2005 to 18th April 2005 = 73 days Rate = 6\(\frac{1}{4}\) % Principal = Rs.3000 SI = \(\frac{PRT}{100}\) = \(\frac{3000 × 1 × 73 }{ 16 × 365}\)= ₹37.50
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