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Practice mode Simple Interest

Rs. 14,600 is lent at 10% per annum simple interest from 5 March to 18 May of the same year. Counting the last day but not the first, what is the interest?

Correct answer D. Rs. 296

Explanation

Days = 26 (March) + 30 (April) + 18 (May) = 74. SI = 14600 × 10 × 74 / (100 × 365) = Rs. 296.

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