Advertisements
Advertisements
Question
The sum which will earn a simple interest of ₹ 126 in 2 years at 14% per annum is ______.
Options
₹ 394
₹ 395
₹ 450
₹ 540
Solution
The sum which will earn a simple interest of ₹ 126 in 2 years at 14% per annum is ₹ 450.
Explanation:
From the question, It is given that,
SI = ₹ 126
Time = 2 years
Rate = 14%
Then, we know the formula of simple interest I = `(P xx R xx T)/100`
126 = `(P xx 14 xx 2)/100`
P = `12600/(14 xx 2)`
P = ₹ 450
APPEARS IN
RELATED QUESTIONS
In how many years will Rs.950 produce Rs.399 as a simple interest at 7%?
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.
Ahmed Chacha borrowed rupees 25000 at 12 p.c.p.a. for a year. What amount will he have to return to the bank at the end of the year?
Basha borrowed ₹ 8,500 from a bank at a particular rate of simple interest. After 3 years, he paid ₹ 11,050 to settle his debt. At what rate of interest he borrowed the money?
In What time will ₹ 16,500 amount to ₹ 22,935 at 13% per annum?
In simple interest, a sum of money amounts to ₹ 6,200 in 2 years and ₹ 6,800 in 3 years. Find the principal and rate of interest.
The interest on ₹ 350 at 5% per annum for 73 days is ₹ 35.
Radhika borrowed ₹ 12000 from her friends. Out of which ₹ 4000 were borrowed at 18% and the remaining at 15% rate of interest per annum. What is the total interest after 3 years?
A memorial trust donates ₹ 5,00,000 to a school, the interest on which is to be used for awarding 3 scholarships to students obtaining first three positions in the school examination every year. If the donation earns an interest of 12 per cent per annum and the values of the second and third scholarships are ₹ 20,000 and ₹ 15,000 respectively, find out the value of the first scholarship.
₹ 9000 becomes ₹ 18000 at simple interest in 8 years. Find the rate per cent per annum.
