- Rs. 80
- Rs. 100
- Rs. 110
- Rs. 121

Option 1 : Rs. 80

Let's discuss the concepts related to Interest and Simple Interest. Explore more from Quantitative Aptitude here. Learn now!

Given:

Principal = Rs. 5000

Rate = 8% p.a

Time = 4^{th} February, 2005 to 18th April, 2005 = 24 + 31 + 18 = 73 days

Concept used:

February has 28 days in a non-leap year

March has 31 days

1 year = 365 days

Formula used:

SI = (P × R × T)/100

Where, P = Principal, R = Rate, T = Time

Calculation:

SI = (P × R × T)/100

⇒ (5000 × 8 × 73)/(100 × 365)

⇒ 80

∴ The required Simple interest is Rs. 80

India’s **#1 Learning** Platform

Start Complete Exam Preparation

Daily Live MasterClasses

Practice Question Bank

Mock Tests & Quizzes

Trusted by 2,30,82,133+ Students

Testbook Edu Solutions Pvt. Ltd.

1st & 2nd Floor, Zion Building,

Plot No. 273, Sector 10, Kharghar,

Navi Mumbai - 410210

[email protected]
Plot No. 273, Sector 10, Kharghar,

Navi Mumbai - 410210

Toll Free:1800 833 0800

Office Hours: 10 AM to 7 PM (all 7 days)