Simple Interest
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If the simple interest on a sum of money foryears at per annum is Rs. , what will be the compound interest on the same sum at the same rate for the same time.
Simple interest on a sum of money for 2 years at 4% is Rs. 450. Find compound interest on the same sum and at the same rate for 2 years.
The simple interest on a certain sum of money at 10% per annum is Rs. 6, 000 in 2 years.
Find :
(i) the sum.
(ii) the amount due at the end of 3 years and at the same rate of interest compounded annually.
(iii) the compound interest earned in 3 years.
The difference between simple interest and compound interest on a certain sum is Rs. 54.40 for 2 years at 8 percent per annum. Find the sum.
A sum of Rs 1600 gives a simple interest of Rs 252 in 2 years and 4 months. What is the rate of simple interest per annum?
6.75%
7.75%
8.5%
6.5%
A sum of money at simple interest amounts to Rs. 900 in 4 years and to Rs. 950 in 5 years. Find the original sum of money.
Rs. 750
Rs. 800
Rs. 700
Rs. 650
Simple interest on a certain sum of money for 4 years at 4% per annum exceeds the compound interest on the same sum for 3 years at 5 percent per annum by Rs. 228. Find the sum.
Kamal and Anand each lent the same sum of money for 2 years at 5% at simple interest and compound interest respectively. Anand received Rs. 15 more than Kamal. Find the amount of money lent by each and the interest received.
The C.I earned by a sum of money in 2 years at 8% p.a. is ₹832. Find the sum
A sum amount of Rs. 9680 in 2 years and to Rs. 10648 in 3 years, compounded annually. Find the rate of interest.
12%
10%
12%
25%
A certain sum of money amounts to Rs. 23, 400 in 3 years at 10% per annum simple interest. Find the amount of the same sum in 2 years and at 10% p.a. compound interest.
If the compound interest on a certain sum for is . What could be the simple interest?
What principal will amount to Rs. 9, 856 in two years, if the rates of interest for successive years are 10% and 12% respectively ?
- A, Rs 812.50
- B, Rs 860.50
- Can not be determined
- B, Rs 952.50
A new car is purchased for dollars.
The value of the car depreciates at per year.
What will the value of the car be, to the nearest cent, after years?
A sum of money becomes 12564 times of itself in 3 years. Find the rate of compound interest.
10%
15%
25%
None of these
The cost of a machine is supposed to depreciate each year by 12% of its value at the beginning of the year. If the machine is valued at Rs. 44, 000 at the beginning of 2008, find its value :
(i) at the end of 2009.
(ii) at the beginning of 2007.
Question 79(i)
Given, the principal = Rs. 40000, rate of interest = 8% per annum compound annually. Find Interest if period is one year.
- ₹1000
- ₹300
- ₹500
- ₹800
A man borrowed Rs. 16, 000 for 3 years under the following terms :
20% simple interest for the first 2 years.
20% C.I. for the remaining one year on the amount due after 2 years, the interest being compounded half-yearly.
Find the total amount to be paid at the end of three years.
In a Laboratory, the count of bacteria in a certain experiment was increasing at the rate of 2.5% per hour. Find the bacteria at the end of 2 hours if the count was initially 5, 06, 000.
Statement 1: C. l. for 2nd year > C.l. for 1st year.
Statement 2: C.l. for 1st year > S.l. for 1st year.
Which amongst the following are true?
- Both statement 1 and statement 2 are true.
- Statement 1 is true, while statement 2 is false.
- Statement 1 is false, while statement 2 is true.
- Both statement 1 and statement 2 are false.
Mr. Raj deposited Rs 800 per month in a recurring account for a time period of 1 year at the rate of 10% per annum. What is the amount that he will receive at the time of maturity?
Rs 12, 410
Rs 10, 500
Rs. 10, 120
Rs 7, 200
What is the simple interest?
Mr. Siddhant opened a recurring deposit account in a bank. He deposited in the installment of Rs. 2500 per month for two years. At the time of maturity he received an amount of Rs. 67, 500. Calculate the rate of interest per annum.
15%p.a
6%p.a
22%p.a
12%p.a
Question 37
If amount on the principal of Rs 6000 is written as 6000(1+5100)3 and compound interest payable half-yearly, then rate of interest per annum is
A sum of money at a simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. What is the sum?
Rs.698
Rs.700
Rs.650
Rs.715
- 10.5%
- 10%
- 11%
- 12%
- ₹ 160
- ₹ 120
- ₹ 100
- 0
When simple interest is used, the accumulated amount is a linear function of time.
True
False