Find the simple interest (in ₹) on ₹2000 at 6.25% per annum rate of interest for the period from 12 February 2023 to 26 April 2023

Correct option is B

Given:
Principal (P) = ₹2000
Rate of Interest (R) = 6.25% per annum
Time period = From 12 February 2023 to 26 April 2023
Formula Used:
Simple Interest (SI) = $$\frac{P \times R \times T}{100}$$​​
Where:
P= Principal
R = Rate of interest per annum
T = Time period in years
Solution:
Calculate the time period (T):
From 12 February 2023 to 26 April 2023:

February: 28 total days (2023 is not a leap year)
Days in February = 28 - 12 = 16 days
March: 31 days
April: 26 days

Total days = 16 + 31 + 26 = 73 days
Convert days into years:
T = $$\frac{73}{365}$$​ years
SI = $$\frac{P \times R \times T}{100} = \frac{2000 \times 6.25 \times \frac{73}{365}}{100}$$​​

SI =$$\frac{2000 \times 6.25 \times 73}{365 \times 100}$$​​

SI =$$\frac{2000 \times 6.25 \times 73}{36500}$$​​

SI =$$\frac{2000 \times 6.25}{500}$$​​

SI =$$\frac{12500}{500} = 25$$

Option (B) is right.