Simple interest
- A sum of Rs. 2800 is divided into two parts in such a way that the interest on both the parts is equal. If the first part is lent at 9% p.a. for 5 years and second part is for 6 years at 10% p.a., find the two sums.
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Let first part be y.
∴ Second part = Rs. (2800 – y)
According to the question,SI = Principal × Time × Rate 100 ∴ y × 5 × 9 = (2800 - y) × 6 × 10 100 100
⇒ 3y = 4 × 2800 – 4y
⇒ 7y = 4 × 2800
Correct Option: B
Let first part be y.
∴ Second part = Rs. (2800 – y)
According to the question,SI = Principal × Time × Rate 100 ∴ y × 5 × 9 = (2800 - y) × 6 × 10 100 100
⇒ 3y = 4 × 2800 – 4y
⇒ 7y = 4 × 2800⇒ y = 4 × 2800 = Rs. 1600 7
∴ Second part = Rs. (2800 – 1600) = Rs. 1200
- The simple interest on a sum for 5 years is two-fifth of the sum. The rate of interest per annum is
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According to the question,
SI = 2 Principal 5 ∴ Rate = SI × 100 Principal × Time
Correct Option: B
According to the question,
SI = 2 Principal 5 ∴ Rate = SI × 100 Principal × Time Rate = 2 × 100 = 8% per annum 5 5
Rate = 0.08 per annum
- If the simple interest on Re. 1 for 1 month is 1 paisa, then the rate percent per annum will be
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Given , Principle = ₹ 1 , Time = 1 month = ( 1 / 12 ) year and SI = 1 paisa = ₹ ( 1 / 100 )
As we know that ,Rate = SI × 100 Principal × Time
Correct Option: C
Given , Principle = ₹ 1 , Time = 1 month = ( 1 / 12 ) year and SI = 1 paisa = ₹ ( 1 / 100 )
As we know that ,Rate = SI × 100 Principal × Time Rate = (1 ÷ 100) × 100 = 12% p.a. 1 × (1 ÷ 12)
- How much simple interest will Rs. 4000 earn in 18 months at 12% per annum?
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We find the required answer with the help of given formula ,
SI = Principal × Time × Rate 100 SI = 4000 × 18 × 12 12 100
Correct Option: C
We find the required answer with the help of given formula ,
SI = Principal × Time × Rate 100 SI = 4000 × 18 × 12 12 100
SI = Rs. 720
- For what sum will the simple interest at R% per annum for 2 years will be R ?
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Given that , SI = R , Rate = R% and Time = 2 years
As we know that ,Principal = SI × 100 Time × Rate Principal = R × 100 2 × R
Correct Option: B
Given that , SI = R , Rate = R% and Time = 2 years
As we know that ,Principal = SI × 100 Time × Rate Principal = R × 100 2 × R
Principal = Rs. 50