Find the simple interest on Rs. 5000 at 6 % per annum for the period from 5th Feb to 19th April, 2015.  Choices
A) Rs. 40
B) Rs. 50
C) Rs. 60
D) Rs. 70
E) None of these
Explanation:   Given:   1) Principal = Rs. 5000   2) Rate of interest = 6 %   3) Time = 5th Feb to 19th April, 2015   First find the time period 5th Feb to 19th April, 2015   Feb = 28 – 5 = 23 days   March = 31 days   April = 19 days   Total days = 23 + 31 + 19= 
<gadget id="calculator">23 + 31 + 19</gadget>
<output>73</output>
73 days   Convert days into years, by dividing it by 365   Time=	73/365	=	1/5   Simple Interest =	(P × R × T)/100   =	[5000 × 6 × (1/5)]/100   =Rs.60   Simple Interest = Rs. 60   ANSWER IS Rs. 60
<result>C</result>
Find the simple interest on Rs. 5000 at 6 % per annum for the period from 5th Feb to 19th April, 2015.