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.
Similar Questions
The simple interest on a certain sum of money at the rate of 5% per annum for 8 years is Rs. 840. Rate of interest for which the same amount of interest can be received on the same sum after 5 years is
Alipta got some amount of money from her father. In how many years will the ratio of the money and the interest obtained from it be 10:3 at 6% simple interest per annum?
For what sum will the simple interest at R% for 2 years be R?
A sum of ₹ 3000 yields an interest of ₹ 1080 at 12% per annum simple interest in how many years?
If simple interest rate per annum a certain sum amounts to Rs. 5,182 in 2 years and Rs. 5,832 in 3 years. The principal in rupees is
The simple interest on a sum for 5 years is two-fifth of the sum. The rate of interest per annum is
If a sum of money deposited in a bank at simple interest is doubled in 6 years, then after 12 years, the amount will be
At what percent of simple interest will a sum of money double itself in 15 years?
A passenger train running at the speed of 80 km/hr leaves the railway station 6 hours after a goods train leaves and overtakes it in 4 hours. What is the speed of the goods train?
How much simple interest will Rs. 4000 earn in 18 months at 12% per annum?
Important Questions from Simple Interest
How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest ?
Nirav and Mehul borrowed Rs.4000 and Rs.5000 respectively for 2.5 years at the rate of x% per annum. Mehul paid Rs 125 more interest than Nirav. Find x.
If the interest on a sum of Rs.1200 is more than the interest on Rs.1000 by Rs.120 in three years, then what is the rate of interest per annum?.
The difference between the simple interest received from two banks on Rs. 500 for two years is Rs. 2.50. What is the difference between their rates?
P borrowed an amount from Q at a simple interest of 10% p.a. At the end of the year, P paid back Rs 99000 which was 90% of what she owed. How much money did P borrow?
