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The simple interest on ₹7,300 from 11 May, 1987 to 10 September, 1987 (both days included) at 5% per annum is
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- ₹123
- ₹103
- ₹200
- ₹223
- ₹123
Correct Option: A
Given that , P = ₹7,300 , R = 5%
Time from 11 May to 10 September, 1987 = 21 + 30 + 31 + 31 + 10 = 123 days
| ∴ Time = 123 days = | Year | |
| 365 |
| ∴ SI = | ||
| 365 × 100 |
| ⇒ SI = | = ₹ 123 | |
| 365 × 100 |
