Interest

MCQ - 206-12973

Question:

Find the simple interest on the Rs. 2000 at 25/4% per annum for the period from 4th Feb 2005 to 18th April 2005

Rs 25
Rs 30
Rs 35
Rs 30

Correct Answer: A

Explanation:

One thing which is tricky in this question is to calculate the number of days.

Always remember that the day on which money is deposited is not counted while the day on which money is withdrawn is counted.

So lets calculate the number of days now,

Number of days = 24 + 31 + 18

t = $\frac{73}{365}$ years = $\frac{1}{5}$ years

P = 2000

R = $\frac{25}{4}$ %

I = $\frac{2000 × 25}{4 × 5 × 100}$ = 25

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1297 MCQ for effective preparation of the test of Interest of Word Problems section.

Read the MCQ statement: Find the simple interest on the Rs. 2000 at 25/4% per annum for the period from 4th Feb 2005 to 18th April 2005 , keenly and apply the method you have learn through the video lessons for Interest to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 206-12973.

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Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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