Find the simple interest on Rs 8000 at 16% per annum for the period from 18th May 2014 to 8th April 2014	Choose the correct choice from the following: A) Rs. 118.8 B) Rs. 128.8 C) Rs. 148.8 D) Rs. 278.8 E) Rs. 178.8
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   Always remember that the day on which money is deposited is not counted while the day on which   money is withdrawn is counted.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 = (13+30+8)= 
<gadget id="calculator">(13+30+8)</gadget>
<output>51</output>
51/365 years   P= 8000   R = 16%   S.I. = =8000Ã—16Ã— 51/(365*100)=178.8   Answer: Rs. 178.8
<result>E</result>
Find the simple interest on Rs 8000 at 16% per annum for the period from 18th May 2014 to 8th April 2014