MyQuestionIcon

1

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

Simple Interest

Mitesh invest...

Question

Mitesh invests Rs. $700$ for $5$ years at the rate of $10 %$ . How much amount would he get at the end of the term ?

Open in App

Solution

$M i t e s h i n v e s t s R s .700 f o r 5 y e a r s a t t h e r a t e o f 10$

Principle = $R s 700.$
Time = $5 y e a r s .$
Rate = $10$ .

Amount = Principle + Interest

Interest = $\frac{P * R * T}{100}$

$\Rightarrow (700 * 5 * 10) / 100 = R s 350.$

Amount = $P + I$ = $700 + 350$ = $R s . 1050.$

Suggest Corrections

thumbs-up

0

Similar questions

Q. Abhinav invested a certain amount at the rate of

8

5

years and obtained a

S I

R s . 3800

.Had he invested the same amount then how much would she have obtained as

C I

2

Q. Vijay invests some amount in 'National saving certificate'. For the

1^{s t}

year he invests Rs. 500, for the

2^{n d}

year he invests Rs. 700, for the

3^{r d}

year he invests Rs. 900, and so on. How much amount he has invested in 12 years?

Q. Girishbhai lends Rs.

47, 000

to his friend Mohanbhai for

1

3

months at the rate of

8 %

. How much would he get from Mohanbhai at the end of the term?

Q. A person invested some amount at the rate of

12 %

simple interest and some other amount at the rate of

10

%

simple interest. He received yearly interest of Rs.

130

. If he had interchanged the amounts invested he would have received Rs.

4

more as interest. How much amount did he invest at different rates?

Q. Albert invested an amount of Rs 8000 in a fixed deposit scheme for two years at compound interest rate 5% p.a. How much amount will Albert get on maturity of the fixed amount?

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Simple and Compound Interest

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Simple Interest

Standard VII Mathematics

Join BYJU'S Learning Program

CrossIcon