On what sum of money lent out at 9% per annum for 6 years does the simple interest amounts to Rs. 810?

Rs. 1000

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

Rs. 1500

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

Rs. 1200

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

None

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

Open in App

Solution

The correct option is B Rs. 1500
Simple Interest $= Rs. 810$
$R = 9 %$
$T = 6 years$
$P = ?$
According to the formula of Simple Interest:
Simple Intrest $I = \frac{P \times T \times R}{100}$

$P = \frac{100 \times I}{T \times R}$

$= \frac{100 \times 810}{6 \times 9}$
$= Rs. 1500$

Suggest Corrections

Similar questions

A sum of money lent at simple interest amounts to $R s . 783$ in $2$ years and to $R s . 837$ in 3 years. Find the sum and the rate per cent per annum.

Q. Amit borrowed a certain sum of money for

2

years at

8 %

per annum on simple interest and immediately lent it to Ravi but at compound interest and gained

Rs. 16

. What amount did Amit borrow?

Q. A person lent out some money for 1 year at 6% per annum simple interest and after 18 months, he again lent out the same money at a simple interest of 24% per annum. In both the cases, he got Rs 4704. Which of these could be the amount that was lent out in each case if interest is paid half-yearly?

Q. A certain sum of money, lent out at compound interest, amounts to Rs. 14,520 in 2 years and to Rs. 17,569.20 in 4 years. Find the rate of interest per annum and the sum.

Q. Compound interest on a certain sum of money at

5

% per annum for two years is Rs.

246

. Calculate simple interest on the same sum for

3

years at

6

% per annum.

Join BYJU'S Learning Program

On what sum of money lent out at 9% per annum for 6 years does the simple interest amounts to Rs. 810?

The correct option is B Rs. 1500Simple Interest =Rs. 810R=9%T=6 yearsP=?According to the formula of Simple Interest:Simple Intrest I=P×T×R100P=100×IT×R =100×8106×9 =Rs.1500

The correct option is B Rs. 1500
Simple Interest $= Rs. 810$
$R = 9 %$
$T = 6 years$
$P = ?$
According to the formula of Simple Interest:
Simple Intrest $I = \frac{P \times T \times R}{100}$

$P = \frac{100 \times I}{T \times R}$

$= \frac{100 \times 810}{6 \times 9}$
$= Rs. 1500$