Advertisements
Advertisements
Question
What would be the simple interest at the rate of `9 1/2%` per annum on Rs. 6000 for `2 1/2` years?
Solution
Rate of interest per annum R = `9 1/2%` = `19/2%`
Principal P = ₹ 6000
Duration T = `2 1/2 = 5/2` years
∴ Simple Interest,
I = `"PRT"/100 = 6000 xx 19/2 xx 5/2 xx 1/100`
= 15 × 19 × 5
= 1425
∴ The simple interest would be ₹ 1425.
APPEARS IN
RELATED QUESTIONS
A sum amounts to Rs. 9680 in 2 years and to Rs. 10648 in 3 years respectively at compound interest. What will be the amount of the same sum `1 2/5` is invested for years at the same rate of compound interest?
The value of a car depreciates every year at the rate of 10% on its value at the beginning of the year. If the present value of the car is ₹52,488, its worth four years ago was
A bank offers 5% compound interest calculated on a half-yearly basis. A customer deposits ₹1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is
There is 60% increase in an amount in 6 year at simple interest. What will be the compound interest of ₹ 12000 after 3 years at the same rate?
The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is ₹1. The sum (in₹) is
The difference between compound interest and simple interest on an amount of ₹15000 for 2 years is ₹96. What is the rate of interest per annum?
A sum invested for 3 years compounded at 5%, 10%, and 20% respectively. In 3 years, if the sum amounts to ₹16632, then find the sum:
A sum of money at simple interest amounts to ₹815 in 3 years and to ₹854 in 4 years. The sum is
At what rate of compound interest per annum will a sum of ₹1200 become ₹1348.32 in 2 years?
A person borrows 10000 for 2 years at 4% p a simple interest he immediately lends it to another person at 6.5 % p. a. for 2 years. Find his total gain in the transaction.
A man gets a simple interest of Rs. 2,000 on a certain principal at the rate of 5% p.a. in 4 years. What compound interest will the man get on twice the principal in 2 years at the same rate?
The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:
At what rate percent of simple interest will a sum of money double itself in 12 years?
A man invested `1/3` of his capital at 7%; `1/4` at 8% and the remainder at 10%. If his annual income is ₹ 561, the capital is
What will be the compound interest on a sum of ₹22,500 at the rate of 16% per annum for 1 year, when interest is compounded half yearly?
In how much time (in years) will ₹7200 amount to Rs. 8928 at simple interest at the rate of 8% per annum?
Anil Invested an amount for three years at a simple interest rate of 9 p.c.p.a. He got an amount of ₹19,050 at the end of the years. What principal amount did he invest?
The simple interest accrued in 2 years on a principal of ₹24000 is one-eighth of the principal. What is the rate of simple interest p.c.p.a.?
