Find the simple interest (in ₹) on ₹2,000 at 5.75% per annum rate of interest for the period from 15 February 2023 to 29 April 2023.​

Correct option is D

Given:

Principal (P) = ₹2,000

Rate of interest (R) = 5.75% per annum

Time period from 15 February 2023 to 29 April 2023

Concept Used:

SI = $$\frac{P \times R \times T}{100}$$​

Solution:

From 15 February to 28 February: 13 days

March: 31 days

From 1 April to 29 April: 29 days

Thus, the total number of days is:

13 + 31 + 29 = 73 days

T = $$\frac{73}{365} = \frac15$$ years 

Now, 

SI = $$\frac{2000 \times 5.75 \times 1}{5\times100}$$​

SI = $$\frac{20 \times 5.75 \times 1}{5}$$​

SI = $$\frac{115}{5}$$​

SI = 23