Q. The simple interest on 7300 Rs. from 11 May, 1987 to 10 september, 1987 (both days included) at 5% per annum is :
Answer: 123 Rs.
Notes: Time from 11 May to 10 September, 1987 = 21 + 30 + 31 + 31 + 10 = 123 days $latex \therefore Time = 123\ days = \frac{123}{365}\ year&s=1$ $latex \therefore SI = \frac{7300\times 123\times 5}{365\times 100} = 123\ Rs.&s=1$ Hence option [B] is correct answer.

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