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A sum of ₹5,000 is deposited in a bank on 3 February 2024 at a simple interest rate of 6% per annum. If the amount is withdrawn on 4 April 2024, find the simple interest (in ₹) earned. Assume that the simple interest is calculated using the actual number of days in the leap year.
50
52
49
48
50
Practice and solve "A sum of ₹5,000 is deposited in a bank on 3 February 2024 at a simple interest rate of 6% per annum...." for Part 2 Numerical Ability - CILMTIndustrial Engineering 2026. The correct answer is Option A: 50. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "A sum of ₹5,000 is deposited in a bank on 3 February 2024 at a simple interest rate of 6% per annum...." for Part 2 Numerical Ability - CILMTIndustrial Engineering 2026. The correct answer is Option A: 50. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.