Find the simple interest due on Rs. 12500 for 219 days at 10% per annum.

Question

Find the simple interest due on Rs. 12500 for 219 days at 10% per annum.

1. A. Rs. 1125
2. B. Rs. 960
3. C. Rs. 900
4. D. Rs. 750 (Correct answer)

Correct Answer

Option D — Rs. 750

Detailed Solution & Explanation

The correct answer is Rs. 750.

Key Points

• Simple interest = P × R × T ÷ 100, with the time expressed in years.
• Here T = 219 days = 219/365 years = 0.6 years.
• SI = 12,500 × 10 × 0.6 ÷ 100 = Rs. 750.

Additional Information

• The fraction simplifies neatly: 219/365 = 3/5, since 219 = 3 × 73 and 365 = 5 × 73.
• Unless a question says otherwise, take a year as 365 days for this kind of computation.

*Ministry of Papers worked solution. The Commission has not yet published the official key for this paper; this answer will be reconciled with it on release.*