What is the simple interest on Rs 7000 at 10% per annum for the period from 16th January 2017 to 8th April 2017.
Select:
A) Rs.77.8
B) Rs.95.8
C) Rs.47.8
D) Rs.97.8
E) Rs.90.8
Explanation:   One thing which is tricky in this question is to calculate the number of days.   Always remember that the day on which money is deposited is not counted while the day on which   money is withdrawn is counted.   So lets calculate the number of days now,   Time = (15+28+8)= 
<gadget id="calculator">(15+28+8)</gadget>
<output>51</output>
51/365 years   P= 7000   R = 10%   S.I. = =7000Ã—10Ã—51/(365*100)=97.8   Answer: Rs.97.8
<result>D</result>
What is the simple interest on Rs 7000 at 10% per annum for the period from 16th January 2017 to 8th April 2017.