Multiple Choice Questions on The simple interest on Rs 500 at 6 per annum from May 3rd to July 15th in the same year is ........ for Mathematics - All Exams Preparation

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Multiple Choice Questions

The simple interest on Rs 500 at 6 per annum from May 3rd to July 15th in the same year is ........

Quantitative Aptitude ( CCS) Simple Interest
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    The simple interest on Rs.500 at 6% per annum from May 3rd to July 15th in the same year is

    Rs. 9

    Incorrect Answer

    Rs. 6

    Correct Answer

    Rs. 4

    Incorrect Answer

    None of these

    Incorrect Answer
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    Explanation:

    Time from May 3rd to July 15th = 28 days of May + 30 days of June and 15 days of July 
    = 73 days= 73/365 years = 1/5 years
    Simple interest = PRT/100 = 500 × 6 × 1/5 /100=6

    Hence, option 2 is the correct answer.

    By: Amit Kumar
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    Let's Discuss

    Diksha garg

    BUT MAY HAS 31 DAYS. SO TOTAL DAY SHOULD BE 74.

    0 0 reply
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