Advertisements
Advertisements
Question
Which among the following rate of interest yields an interest of ₹ 200 for the principle of ₹ 2,000 for one year
Options
10%
20%
5%
15%
Solution
10%
Explanation;
Hint: r = `("I" xx 100)/("P" xx "n")`
= `(200 xx 100)/(2000 xx 1)`
= 10%
APPEARS IN
RELATED QUESTIONS
Find the interest and the amount on:
₹ 750 in 3 years 4 months at 10% per annum.
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.
Mahesh deposited rupees 8650 in a bank at a rate of 6 p.c.p.a. How much money will he get at the end of the year in all?
Kisanrao wanted to make a pond in his field. He borrowed rupees 35250 from a bank at an interest rate of 6 p.c.p.a. How much interest will he have to pay to the bank at the end of the year?
Vinita deposited Rs. 15000 in a bank for one year at an interest rate of 7 p.c. p.a. How much interest will she get at the end of the 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?
Interest = `(P xx R xx T)/100`, where T is ______ R% is ______ and P is ______.
Amount received after depositing ₹ 800 for a period of 3 years at the rate of 12% per annum is ₹ 896.
₹ 9000 becomes ₹ 18000 at simple interest in 8 years. Find the rate per cent per annum.
