Home
Class 14
MATHS
Find the simple interest on Rs. 500 at 6...

Find the simple interest on Rs. 500 at 6% per annum from May 3rd to July 15th in the same year.

Text Solution

AI Generated Solution

The correct Answer is:
To find the simple interest on Rs. 500 at 6% per annum from May 3rd to July 15th in the same year, we will follow these steps: ### Step 1: Calculate the number of days from May 3rd to July 15th. 1. **Days in May**: - May has 31 days. - From May 3rd to May 31st, the number of days is \(31 - 3 = 28\) days. 2. **Days in June**: - June has 30 days, so there are 30 days in June. 3. **Days in July**: - From July 1st to July 15th, the number of days is 15 days. 4. **Total Days**: - Total days from May 3rd to July 15th is \(28 + 30 + 15 = 73\) days. ### Step 2: Use the Simple Interest formula. The formula for Simple Interest (SI) is given by: \[ SI = \frac{P \times R \times T}{100} \] Where: - \(P\) = Principal amount (Rs. 500) - \(R\) = Rate of interest (6% per annum) - \(T\) = Time in years ### Step 3: Convert the time from days to years. Since the time \(T\) is in days, we need to convert it to years: \[ T = \frac{73 \text{ days}}{365 \text{ days/year}} = \frac{73}{365} \text{ years} \] ### Step 4: Substitute the values into the formula. Now we can substitute the values into the Simple Interest formula: \[ SI = \frac{500 \times 6 \times \frac{73}{365}}{100} \] ### Step 5: Simplify the expression. 1. Calculate the numerator: - \(500 \times 6 = 3000\) - \(3000 \times 73 = 219000\) 2. The expression now looks like: - \[ SI = \frac{219000}{36500} \] 3. Simplifying gives: - \[ SI = \frac{219000}{36500} = 6 \] ### Final Answer: The simple interest is Rs. 6. ---
Promotional Banner

Topper's Solved these Questions

  • RATIO & PROPORTION

    ADVANCED MATHS BY ABHINAY MATHS ENGLISH|Exercise QUESTIONS|113 Videos
  • TIME & WORK

    ADVANCED MATHS BY ABHINAY MATHS ENGLISH|Exercise QUESTIONS |82 Videos

Similar Questions

Explore conceptually related problems

Find the simple interest on Rs 5600 at 20% per annum from May 22 to November 5 of the same year.

Find the simple interest on ₹ 1000 at 12% per annum for 3 years

Find the interest on Rs 1200 at 6% per annum for 146 days.

Find the interest on Rs 1200 at 6% per annum for 146 days.

The simple interest on Rs 68,000 at 6% per annum for 4 years, is-

Find the simple interest on Rs. 1098 at 5% per annum from 5 May 1996 to 25 May 1996.

Find the simple interest on Rs. 2560 for 3 years at 15% per annum.

ADVANCED MATHS BY ABHINAY MATHS ENGLISH-SIMPLE INTEREST -QUESTIONS
  1. P deposite Rs. 5000 in NSC at 2% per annum and Rs. 2000 in mutual fund...

    Text Solution

    |

  2. Rs.1200 divided among P, Q and R. P gets half of the total amount rece...

    Text Solution

    |

  3. Find the simple interest on Rs. 500 at 6% per annum from May 3rd to Ju...

    Text Solution

    |

  4. If simple interest on Rs. 400 is 256 and the rate of interest per annu...

    Text Solution

    |

  5. If the simple interest on a certain sum of money is 4//25th of the sum...

    Text Solution

    |

  6. If Rs. 500 amounts to the Rs. 725 at 9% simple interest in some time, ...

    Text Solution

    |

  7. If the interest on Rs. 800 be more than the interest on Rs. 400 by Rs....

    Text Solution

    |

  8. Three partners shared the profit in a business in the ratio 4:6:8. The...

    Text Solution

    |

  9. The ratio of investments of two partners is 11:12 and the ratio of the...

    Text Solution

    |

  10. A certain sum is invested for T years. It amounts to ₹ 400 at 10 % per...

    Text Solution

    |

  11. If simple interest on a certain sum of money for 4 years at 5% p.a. i...

    Text Solution

    |

  12. X invested an amount of Rs. 12000 at the simple interest rate of 10% p...

    Text Solution

    |

  13. The simple interest on a sum of money will be Rs. 600 after 10 years. ...

    Text Solution

    |

  14. P lent some money to Q at 5% per annum simple interest. Q lent the ent...

    Text Solution

    |

  15. Brinda borrowed Rs. 1000 to build a hut. She pays 5% simple interest ....

    Text Solution

    |

  16. Anand and Deepak started a business investing Rs. 22,500 and Rs. 35,00...

    Text Solution

    |

  17. Arun borrowed sum of money from Jayant in the following manner : At ...

    Text Solution

    |

  18. A person borrows Rs. 5000 for 2 years at 4% per annum simple interest ...

    Text Solution

    |

  19. Rs . 6000 becomes Rs, 7200 in 4 years. If the rate becomes 1.5 times o...

    Text Solution

    |

  20. A person lends 40% of his sum of money at 50% per annum, 50% of rest a...

    Text Solution

    |