arrow
arrow
arrow
Find the simple interest for an amount of Rs. 2,500 at 8.25% per annum for the period from 1st March 2018 to 12th May 2018.
Question

Find the simple interest for an amount of Rs. 2,500 at 8.25% per annum for the period from 1st March 2018 to 12th May 2018.

A.

Rs. 32.25

B.

Rs. 38.25

C.

Rs. 23.25

D.

Rs. 41.25

Correct option is D

Given:
Principal (P) = Rs. 2,500
Rate of Interest (R) = 8.25% per annum
Time period = From 1st March 2018 to 12th May 2018
Formula Used:
​Simple Interest (SI) = (P × R × T) / 100
Solution:
Total time = 31 + 30 + 12 = 73 days
Time = 73 / 365 = 0.2 years
SI = (2500 × 8.25 × 0.2) / 100
SI = 41.25
Therefore, the simple interest for the given period is Rs. 41.25.
Thus, correct option is (d).

Free Tests

Free
Must Attempt

CBT-1 Full Mock Test 1

languageIcon English
  • pdpQsnIcon100 Questions
  • pdpsheetsIcon100 Marks
  • timerIcon90 Mins
languageIcon English
Free
Must Attempt

RRB NTPC Graduate Level PYP (Held on 5 Jun 2025 S1)

languageIcon English
  • pdpQsnIcon100 Questions
  • pdpsheetsIcon100 Marks
  • timerIcon90 Mins
languageIcon English
Free
Must Attempt

CBT-1 General Awareness Section Test 1

languageIcon English
  • pdpQsnIcon40 Questions
  • pdpsheetsIcon30 Marks
  • timerIcon25 Mins
languageIcon English

Similar Questions

test-prime-package

Access ‘RRB NTPC’ Mock Tests with

  • 60000+ Mocks and Previous Year Papers
  • Unlimited Re-Attempts
  • Personalised Report Card
  • 500% Refund on Final Selection
  • Largest Community
students-icon
354k+ students have already unlocked exclusive benefits with Test Prime!
Our Plans
Monthsup-arrow