Advertisements
Advertisements
Question
Which among the following is the simple interest for the principle of ₹ 1,000 for one year at the rate of 10% interest per annum?
Options
₹ 200
₹ 10
₹ 100
₹ 1,000
Solution
₹ 100
Explanation;
Hint: Interest = `"Pnr"/100`
= `(1000 xx 1 xx 10)/100`
= ₹ 100
APPEARS IN
RELATED QUESTIONS
Angela deposited 15000 rupees in a bank at a rate of 9 p.c.p.a. She got simple interest amounting to 5400 rupees. For how many years had she deposited the amount?
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.
In What time will ₹ 16,500 amount to ₹ 22,935 at 13% per annum?
Which among the following rate of interest yields an interest of ₹ 200 for the principle of ₹ 2,000 for one year
In how much time will the simple interest on ₹ 3,000 at the rate of 8% per annum be the same as simple interest on ₹ 4,000 at 12% per annum for 4 years?
The time period after which the interest is added each time to form a new principal is called the ______.
Given the principal = Rs 40,000, rate of interest = 8% p.a. compounded annually. Find Interest for 2nd year.
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.
What sum of money lent out at 16 per cent per annum simple interest would produce ₹ 9600 as interest in 2 years?
Divide ₹ 10000 in two parts so that the simple interest on the first part for 4 years at 12 per cent per annum may be equal to the simple interest on the second part for 4.5 years at 16 per cent per annum.
