Question discussion

Find the simple interest on Rs.7300/- at 12% p.a. for the period from jan-2007 to 18- april-2007?

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CCommunity
Now here the question is actually not completed because generally if date is not given we should take it from 1st but if we calculate using that answer will be 259.2. In the actual question with same option the date is 5th jan 2007. I will solve the question using that:

Total number of days = 26+28+31+18 = 103

SI = (7300*12*103)/(100*365) = 12*103/5 = 247.2
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CCommunity
247.20

NA