{"id":56529,"date":"2024-04-16T00:46:14","date_gmt":"2024-04-16T00:46:14","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=56529"},"modified":"2024-04-16T00:46:14","modified_gmt":"2024-04-16T00:46:14","slug":"a-is-regularly-drawing-rs-500-on-16th-of-every-month-if-he-is-to-pay-interest-on-rs-6000-at-a-given-rate-then-the-interest-for-the-total-period-will-be","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/a-is-regularly-drawing-rs-500-on-16th-of-every-month-if-he-is-to-pay-interest-on-rs-6000-at-a-given-rate-then-the-interest-for-the-total-period-will-be\/","title":{"rendered":"A is regularly drawing Rs. 500 on 16th of every month. if he is to pay interest on Rs. 6000 at a given rate, then the interest for the total period will be"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;5 months&#8221; option2=&#8221;6 months&#8221; option3=&#8221;7 months&#8221; option4=&#8221;$$5\\frac{1}{2}$$ months&#8221; correct=&#8221;option4&#8243;]<!--more--><\/p>\n<p>The correct answer is $\\boxed{\\text{D}}$.<\/p>\n<p>A is regularly drawing Rs. 500 on the 16th of every month. This means that he is drawing interest on Rs. 6000 for 15 days every month. The interest for the total period will be 15 days * 12 months = 180 days. This is equal to $\\frac{180}{365} = \\boxed{{5}\\frac{1}{2}}$ months.<\/p>\n<p>Option A is incorrect because it is the number of months in a year. Option B is incorrect because it is the number of months in a year plus one month. Option C is incorrect because it is the number of months in a year plus two months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;5 months&#8221; option2=&#8221;6 months&#8221; option3=&#8221;7 months&#8221; option4=&#8221;$$5\\frac{1}{2}$$ months&#8221; correct=&#8221;option4&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-56529","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A is regularly drawing Rs. 500 on 16th of every month. if he is to pay interest on Rs. 6000 at a given rate, then the interest for the total period will be<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/a-is-regularly-drawing-rs-500-on-16th-of-every-month-if-he-is-to-pay-interest-on-rs-6000-at-a-given-rate-then-the-interest-for-the-total-period-will-be\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A is regularly drawing Rs. 500 on 16th of every month. if he is to pay interest on Rs. 6000 at a given rate, then the interest for the total period will be\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;5 months&#8221; 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