Question
Download Solution PDFWhat is the simple interest on Rs. 32,000 at 8.5% per annum for period from 10th Feb., 2019 to 24th April, 2019?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Principle, P = Rs. 32,000
Rate, r = 8.5%
Time, t = (18 + 31 + 24) / 365 = 73 / 365 = 1 / 5 years
Concept used:
Simple Interest = (P × r × t) / 100
Calculation:
SI = (32,000 × 8.5 × 1 / 5) / 100
⇒ (32 × 85) / 5
⇒ 32 × 17
⇒ Rs. 544Last updated on Jun 19, 2025
->Indian Navy MR 02/2025 Merit List has been released on 19th June 2025.
-> Indian Navy MR Agniveer Notification 02/2025 Call Letter along with the city details was released on 13th May 2025.
-> Earlier, the Indian Navy MR Exam Date 2025 was released of Notification 02/2025.
-> Candidates had applied online from 29th March to 10th April 2025.
-> The selection process of Agniveer is based on three rounds- CBT, written examination & PFT and the last medical examination round.
-> Candidates must go through the Indian Navy MR Agniveer Salary and Job Profile to understand it better.
-> Prepare for the upcoming exams with Indian Navy MR Previous Year Papers and Agniveer Navy MR Mock Test.