The simple interest on Rs. 36,000 for the period from 5th

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The simple interest on Rs. 36,000 for the period from 5th January to 31st May, 2013 at 9.5% per annum is

1. Rs. 1,338
2. Rs. 1,425
3. Rs. 1,400
4. Rs. 1,368

Correct Option: D

From the question ,
Number of days from 5th January to 31st May = 26 + 28 + 31 + 30 + 31 = 146
We can find the required answer with the help of given formula ,

SI =	Principal × Time × Rate
	365 × 100

SI =	36000 × 146 × 9.5
	365 × 100

SI = Rs. 1368