What will be the interest on Rs 5000 at 10% per annum on simple interest for the period from 4th June 2021 to 16th august 2021.

- Rs 100
- Rs 150
- Rs 120
- Rs 125

Option 1 : Rs 100

**Given **

Principal = Rs 5000

Rate = 10%

**Formula Used **

Simple Interest = Principal × Rate × time/100

**Calculation**

⇒ Total time = (26 + 31 + 16) = 73 days

⇒ Time in year = 73/365 = 1/5 year

⇒ Let the interest be x

⇒ x = (5000 × 10 × 1)/(5 × 100)

⇒ x = Rs 100

**∴ The interest is Rs. 100**

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