Simple interest
- A certain sum doubles in 7 years at simple interest. The same sum under the same interest rate will become 4 times in how many years.
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According to question ,
Case I,
Here , T = 7 years
Simple Interest = PrincipalRate = SI × 100 Principal × Time Rate = 100 % per annum 7
Case II,
Here , R = ( 100 / 7 )%
Simple Interest = 3 × PrincipalTime = SI × 100 Principal × Rate
Correct Option: C
According to question ,
Case I,
Here , T = 7 years
Simple Interest = PrincipalRate = SI × 100 Principal × Time Rate = 100 % per annum 7
Case II,
Here , R = ( 100 / 7 )%
Simple Interest = 3 × PrincipalTime = SI × 100 Principal × Rate Time = 3 × 100 100 7
Time = 3 × 7 = 21 years
- A sum amounts to double in 8 years by simple interest. Then the rate of simple interest per annumis
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Let Principal = Rs. p
Amount = Rs. 2p
∴ Simple Interest = Amount - Principal
Simple Interest = 2p – p = Rs. p∴ Rate = SI × 100 Principal × Time Rate = p × 100 = 25 p × 8 2
Rate = 12.5 % per annum
Second method to solve this question :
Here , n = 2R = (n - 1) × 100 T
Correct Option: B
Let Principal = Rs. p
Amount = Rs. 2p
∴ Simple Interest = Amount - Principal
Simple Interest = 2p – p = Rs. p∴ Rate = SI × 100 Principal × Time Rate = p × 100 = 25 p × 8 2
Rate = 12.5 % per annum
Second method to solve this question :
Here , n = 2R = (n - 1) × 100 T R = (2 - 1) × 100% 8
R = 12.5%
- In how much time, will a sum of money become double of itself at 15% per annum simple interest?
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If the principal be p, the amount = 2p
∴ SI = p∴ Time = SI × 100 Principal × Rate Time = p × 100 = 20 = 6 2 years. p × 15 3 3
Second method to solve this question :T = (n - 1) × 100 R
Correct Option: D
If the principal be p, the amount = 2p
∴ SI = p∴ Time = SI × 100 Principal × Rate Time = p × 100 = 20 = 6 2 years. p × 15 3 3
Second method to solve this question :T = (n - 1) × 100 R T = (2 - 1) × 100 15 T = 100 year 15 T = 20 year 3 T = 6 2 year 3
- At a certain rate of simple interest, a certain sum of money becomes double of itself in 10 years. It will become treble of itself in
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If principal be p , interest = p and rate = r% p.a. then
Rate = SI × 100 Principal × Time Rate = p × 100 = 10% p × 10
Now, Principal = p, interest = 2pThen, time = SI × 100 Principal × Rate time = 2p × 100 = 20 year p × 10
Second method to solve this question :R = (2 - 1) × 100% 10
R = 10%
Correct Option: C
If principal be p , interest = p and rate = r% p.a. then
Rate = SI × 100 Principal × Time Rate = p × 100 = 10% p × 10
Now, Principal = p, interest = 2pThen, time = SI × 100 Principal × Rate time = 2p × 100 = 20 year p × 10
Second method to solve this question :R = (2 - 1) × 100% 10
R = 10%T = (n - 1) × 100 years. R T = 3 - 1 × 100 years. 100
T = 20 years.
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simple interest per annum ?In how many years will a sum of money double itself at 6 2 % 3
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Let principal is P.
As we know that ,Time = SI × 100 Principal × Rate Time = P × 100 = 16 years P × (25 ÷ 4)
Second method to solve this question :T = (n - 1) years R%
Correct Option: C
Let principal is P.
As we know that ,Time = SI × 100 Principal × Rate Time = P × 100 = 16 years P × (25 ÷ 4)
Second method to solve this question :T = (n - 1) years R% T = (2 - 1) × 100 years 25÷4
T = 16 years.