CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Formula for CI

A sum of mone...

Question

A sum of money invested at C.I. amounts to Rs. 800 in 3 years and to Rs. 840 in 4 years. The rate of interest per annum is

A

2 \frac{1}{2}

%

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

4

%

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

5

%

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

6 \frac{2}{3}

%

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C $5$ %
Simple interest for one year $= 840 - 800 = 40 R s .$

Rate of interest= $\frac{40 \times 100}{800 \times 1} = 5$ %

Suggest Corrections

thumbs-up

0

Similar questions

Q. A sum of money invested at compounded interest amounts to Rs.

800

3

years and to Rs.

840

4

years. The rate on interest per annum is

Q. Priya invest a sum of money at simple interest which amounts to Rs 1012 in

2 \frac{1}{2}

years and to Rs 1067.20 in 4 years. The rate of interest per annum is

Q. A sum of money, invested at compound interest, amounts to Rs.

19, 360

2

years and to Rs.

23, 425.60

4

years. Find the rate per cent and the original sum of money.

Q. Find the sum of money that amounts to

R s 11200

3

years at the interest rate

4 %

Q. A certain sum of money at simple interest amounts to Rs. 1012 in

2 \frac{1}{2}

years and toRs. 1067.20 in 4 years.The rate of interest per annum is

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Deducing a Formula for Compound Interest

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Standard VIII Mathematics

Join BYJU'S Learning Program

CrossIcon