Find the simple interest (in ₹) on ₹2000 at 6.5% per annum rate of interest for the period from 14 February 2023 to 28 April 2023
26
The period from 14 February 2023 to 28 April 2023 is approximately 74 days.
Number of days in Feb 2023 = 28 - 14 = 14 days. Number of days in March 2023 = 31 days.
Number of days in April 2023 = 28 days. Total number of days = 14 + 31 + 28 = 73 days.
Simple Interest = (Principal × Rate × Time)/100. Time = 73/365 years. Simple Interest = (2000 × 6.5 × 73)/(100 × 365) = 26.00. Approximately 26.
Simple Interest ≈ ₹26
26
Total time = 74 days = \( \frac{74}{365} \) years
SI = \( \frac{P \times R \times T}{100} = \frac{2000 \times 6.5 \times \frac{74}{365}}{100} = ₹26 \)
Answer:
₹26
26
Given:
- Principal (P) = ₹2000
- Rate of interest (R) = 6.5% per annum
- Time period = 14 February 2023 to 28 April 2023
Step 1: Calculate the number of days
| February (2023 is not a leap year): | 28 - 14 = 14 days |
| March: | 31 days |
| April: | 28 days |
| Total days: | 14 + 31 + 28 = 73 days |
Step 2: Convert days to years
\[ \text{Time (T)} = \frac{73}{365} = 0.2\ \text{years} \]
Step 3: Calculate Simple Interest
\[ SI = \frac{P \times R \times T}{100} = \frac{2000 \times 6.5 \times 0.2}{100} \]
\[ = \frac{2600}{100} = ₹26 \]
Final Answer:
The simple interest is \[ \boxed{26} \] rupees.
Important Questions from Simple Interest
Anil lent a sum of Rs. 5,000 on simple interest for 10 years in such a way that the rate of interest is 6% per annum for the first 2 years, 8% per anmum for the next 2 years and 10% per annum beyond 4 years. How much interest (in Rs.) will he earn at the end of 10 years?
What will be the simple interest on a sum of Rs. 12000 at the rate of 15 percent per annum for three years ?
If in 13 years fixed sum doubles at simple interest, what will be the interest rate per year? (correct to two decimal places)
On simple interest a sum of Rs. 640 becomes Rs. 832 in 2 years. What will Rs. 860 become in 4 years at the same rate of simple interest?
A certain sum amounts to Rs. 81840 in 3 years and to Rs. 92400 in 5 years at x% p.a. under simple interest. If the rate of interest is becomes (x + 2)%, then in how many years will the same sum double itself?
