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The simple interest on Rs. 1820 from Mar...

The simple interest on Rs. 1820 from March 9, 2003 to May 21, 2003 at `7(1)/(2)%` rate will be:

A

Rs. 22.50

B

Rs. 27.30

C

Rs. 28.80

D

Rs. 29

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The correct Answer is:
To find the simple interest on Rs. 1820 from March 9, 2003, to May 21, 2003, at a rate of 7.5%, we will follow these steps: ### Step 1: Calculate the Time Period First, we need to determine the total number of days from March 9 to May 21. - **Days remaining in March**: March has 31 days. From March 9 to March 31, there are: \[ 31 - 9 = 22 \text{ days} \] - **Days in April**: April has 30 days. \[ 30 \text{ days} \] - **Days in May**: From May 1 to May 21, there are: \[ 21 \text{ days} \] Now, we add these days together: \[ 22 \text{ (March)} + 30 \text{ (April)} + 21 \text{ (May)} = 73 \text{ days} \] ### Step 2: Convert Days into Years Next, we convert the total number of days into years. Since there are 365 days in a year, we calculate: \[ T = \frac{73}{365} \text{ years} \] ### Step 3: Identify Principal and Rate of Interest The principal amount (P) is given as Rs. 1820, and the rate of interest (R) is 7.5%. We can express this as a fraction: \[ R = 7.5\% = \frac{15}{2}\% \] ### Step 4: Use the Simple Interest Formula The formula for simple interest (SI) is: \[ SI = \frac{P \times R \times T}{100} \] Substituting the values we have: \[ SI = \frac{1820 \times \frac{15}{2} \times \frac{73}{365}}{100} \] ### Step 5: Simplify the Expression Now, we simplify the expression step by step: 1. Calculate \( \frac{15}{2} \times \frac{73}{365} \): \[ \frac{15 \times 73}{2 \times 365} = \frac{1095}{730} \] 2. Now substitute this back into the SI formula: \[ SI = \frac{1820 \times \frac{1095}{730}}{100} \] 3. Simplifying further: - Cancel \( 1820 \) and \( 730 \): \[ 1820 \div 730 = 2.49 \text{ (approximately)} \] 4. Now calculate: \[ SI = \frac{2.49 \times 1095}{100} \approx 27.30 \] ### Final Answer The simple interest is approximately: \[ \text{SI} \approx Rs. 27.30 \]
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