The simple interest on Rs.500 at 6% per annum from May 3rd to July 15th in the same year is
Rs. 8
Rs. 6
Rs. 4
Rs. 9
Explanation:
Time from May 3rd to July 15th = 28 days of May + 30 days of June and 15 days of July
$\text{= 73 days= }\dfrac{73}{365}\text{ years = }\dfrac{1}{5}\text{ years}$
$\text{Simple interest = }\dfrac{\text{PRT}}{100}= \dfrac{500 \times 6 \times \dfrac{1}{5}}{100} =6$