Advertisements
Advertisements
Question
On what principal will the simple interest be Rs. 7,008 in 6 years 3 months at 5% per year?
Solution
Let Principal = Rs. P
Time (T) = 6 years 3 months = 6 year +`3/12`
year `=75/12=25/4` year =`6 1/4` years
Rate (R) = 5%
Simple interest =`("P"xx"T"xx"R")/100`
`⇒7,008=("P"xx25/4xx5)/100`
`⇒"P"=(7008xx100xx4)/(25xx5)`
`=(7008xx16)/5=112128/5`
= Rs. 22425.60
APPEARS IN
RELATED QUESTIONS
The simple interest on a certain sum of money is `3/8` of the sum in `6 1/4` years. Find the rate percent charged.
Raj borrows Rs.8,000; out of which Rs. 4500 at 5% and the remainder at 6%. Find the total interest paid by him in 4 years.
A sum of money, lent out at simple interest, doubles itself in 8 years. Find :
(i) the rate of interest
(ii) in how many years will the sum become triple (three times) of itself at the same rate percent?
On what date will ₹ 1950 lent on 5th January 2011 amount to ₹ 2125.50 at 5 percent per annum simple interest?
Anita takes a loan of Rs. 5,000 at 15% per year as the rate of interest. Find the interest she has to pay at the end of one year.
If Manohar pays an interest of Rs. 750 for 2 years on a sum of Rs. 4,500, find the rate of interest.
Find the simple interest on ₹ 35,000 at 9% per annum for 2 years?
In the first year on an investment of Rs 6,00,000 the loss is 5% and in the second year the gain is 10%, the net result is ______.
Simple interest on a given amount is always less than or equal to the compound interest on the same amount for the same time period and at the same rate of interest per annum.
Interest = `(P xx R xx T)/100`, where T is ______ R% is ______ and P is ______.
