Simple interest
- Ramesh invested an amount that is 10% of ₹ 10000 at simple interest. After 3 yr, the amount becomes ₹ 2500. Find out the 4 times of actual interest rate.
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Investment of Ramesh = 10% of 10000 = ₹ 1000
After 3 yr = 2500 - 1000 = ₹ 1500
We know.
SI = (P x R x T)/100Correct Option: C
Investment of Ramesh = 10% of 10000 = ₹ 1000
After 3 yr = 2500 - 1000 = ₹ 1500
We know.
SI = (P x R x T)/100
⇒ 1500 = (1000 x R x 3)/100
∴ R = (1500 x 100) / (1000 x 3) = 50%
∴ 4 times of 50% = 200%
- What will be the ratio of simple interest earned by certain amount at the same rate of interest for 12 yr and for 18 yr ?
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If the principal = P and interest = R%
Then, required ratio = [(P x R x 12)/100] / [(P x R x 18)/100]Correct Option: C
If the principal = P and interest = R%
Then, required ratio = [(P x R x 12)/100] / [(P x R x 18)/100]
= 12 / 18
= 2/3
= 2 : 3
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Divide ₹6800 into two parts so that S.I. on the first part for 3 1 Years at 6% may be equal to 3 the interest on the second part for 3 1 Years at 4% Percent Per annum 3
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Let the first part be p. then ,
second part = (6800 – p)Interest on first part for 3 1 years at 6% 3 = p × 6 × ( 10/3 ) = p 100 5 Interest on second part for 3 1 years at 4% 2 SI = (6800 - p) × 4 × ( 7/2 ) 100 SI = ₹ (6800 - p) × 7 50
According to the question,p = (6800 - p) × 7 5 50
Correct Option: B
Let the first part be p. then ,
second part = (6800 – p)Interest on first part for 3 1 years at 6% 3 = p × 6 × ( 10/3 ) = p 100 5 Interest on second part for 3 1 years at 4% 2 SI = (6800 - p) × 4 × ( 7/2 ) 100 SI = ₹ (6800 - p) × 7 50
According to the question,p = (6800 - p) × 7 5 50
⇒ 10p = (6800 – p) 7
⇒ 10p = 47600 – 7p
⇒ 17p = 47600
⇒ p = 2800
Hence, first part = ₹ 2800
and second part = ₹ (6800 – 2800) = ₹ 4000.
- A certain sum of money amounts to ₹6780 in 2 years and to ₹7360.50 in
3 1 Years. Find the sum and the rate of interest. 3
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According to question ,
Principal + S.I. for 3 1 years = ₹ 7360.50 ....... (i) 2
Principal + S.I. for 2 years = ₹ 6780 ...... (ii)
On subtracting equation (ii) from (i),S.I. for 1 1 years = ₹ 580.50 2 ∴ S.I. for 2 years = ₹ 580.50 × 2 × 2 = ₹ 774 3
Correct Option: A
According to question ,
Principal + S.I. for 3 1 years = ₹ 7360.50 ....... (i) 2
Principal + S.I. for 2 years = ₹ 6780 ...... (ii)
On subtracting equation (ii) from (i),S.I. for 1 1 years = ₹ 580.50 2 ∴ S.I. for 2 years = ₹ 580.50 × 2 × 2 = ₹ 774 3
∴ Principal = (6780 – 774 ) = ₹ 6006And, rate of interest = 774 × 100 = 6.4% per annum. 6006 × 2
- A borrowed ₹ 1500 at 4% per annum and ₹ 1400 at 5% per annum for the same period. He paid ₹ 390 as total interest. Find the time for which he borrowed the sum.
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We know that ,
SI = SI1 + SI2SI = P1R1T + P2R2T 100 100 or, T = 100 ×
SIP1R1 + P2R2 T = 100 × 390 (1500 × 4) + (1400 × 5)
Correct Option: C
We know that ,
SI = SI1 + SI2SI = P1R1T + P2R2T 100 100 or, T = 100 ×
SIP1R1 + P2R2 T = 100 × 390 (1500 × 4) + (1400 × 5) T = 39000 13000
T = 3 years.