Simple interest
- A sum of money amounts to Rs. 850 in 3 years and Rs. 925 in 4 year. The sum is ?
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S.I for 1 year = Rs. (925 - 850) = Rs. 75
S.I for 3 year = Rs. (75 x 3) = Rs. 225
Correct Option: C
S.I for 1 year = Rs. (925 - 850) = Rs. 75
S.I for 3 year = Rs. (75 x 3) = Rs. 225
∴ Sum = Rs. (850 - 225) = Rs. 625
- If Rs. 64 amount to Rs. 83.20 in 2 years. What will Rs. 86 amount to in 4 years at the same rate percent per annum ?
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S.I on Rs. 64 for 2 year = Rs. 19.20
∴ Rate = (100 x SI) / (P x T) = (100 x 19.20) / (64 x 2) = 15%
∴ S.I On Rs. 86 for 4 year = (P x R x T) / 100 = Rs. (86 x 4 x 15 ) /100 = Rs.51.60Correct Option: A
S.I on Rs. 64 for 2 year = Rs. 19.20
∴ Rate = (100 x SI) / (P x T) = (100 x 19.20) / (64 x 2) = 15%
∴ S.I On Rs. 86 for 4 year = (P x R x T) / 100 = Rs. (86 x 4 x 15 ) /100 = Rs.51.60
∴ Amount of Rs. 86 after 4 years = Rs. (86 + 51.60) = Rs. 137.60
- A sum of money amounts to Rs. 702 in 2 years and Rs. 783 in 3 years. The rate percent is ?
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S.I. for 1 year = Rs. (783 - 702) = Rs 81
S.I. for 2 years = Rs. (81 x 2) = Rs. 162
∴ Sum = Rs. (702 - 162) = Rs. 540
∴ Required rate = = (100 x SI) / (P x T) = (100 x 162) / (540 x 2) % = 15%Correct Option: D
S.I. for 1 year = Rs. (783 - 702) = Rs 81
S.I. for 2 years = Rs. (81 x 2) = Rs. 162
∴ Sum = Rs. (702 - 162) = Rs. 540
∴ Required rate = = (100 x SI) / (P x T) = (100 x 162) / (540 x 2) % = 15%
- Mr. Patel borrowed Rs. 8000 from Mr. Chobey at simple interest. After 2 years he paid Rs. 800 more than what be borrowed and thus cleared the loan. What was the rate of interest ?
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Rate = (Interest x 100) / (Principal x Time)
Correct Option: C
Rate = (Interest x 100) / (Principal x Time)
= (800 x 100) / (8000 x 2)
= 5%
- If the rate of simple interest is 12% per annum the amount that would fetch interest of Rs 6000 per annum is ?
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Let 'P' is the principal
SI= (P x R x T)/100
where , SI= Simple Interest
T= Time
R= RateCorrect Option: C
Rate of Interest = 12% per annum
Simple Interest =Rs 6000 per annum
Let 'P' is the principal
SI= (P x R x T)/100
where , SI= Simple Interest
T= Time
R= Rate
∴ 6000=(P x 1 x 12)/100
∴ P =(6000 x 100)/12
= Rs 50000
Hence the required amount is Rs 50000