MyQuestionIcon

1

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

Understanding Simple Interest (Changing Time)

Solve the fol...

Question

Solve the following problems.

A certain sum amounts to Rs. 2,870 in 2 years and Rs. 3,280 in 3 years at S.I. Find the principal and the rate of interest.

Open in App

Solution

Amount in 3 years = Rs.3,280

Amount in 2 years =Rs.2,870

Interest for 1 year = Rs.(3,280 − 2,870) = Rs. 410

Interest for 2 years

Suggest Corrections

thumbs-up

0

Similar questions

A certain sum amounts to Rs 4840 in 2 years and to Rs 5324 in 3 years at compound interest. Find the rate and the sum.

Q. A certain sum amounts to Rs.

17, 700

3

20, 400

6

years under simple interest. Find the sum and rate of interest.

Solve the following problems.

What is the rate of interest, if Rs. 1,200 amounts to Rs. 1,500 in 2 years?

Q. A certain sum of money, placed out at compound interest, amounts to Rs.6,272 in 2 years and to Rs. 7,024.64 in 3 years. Find the rate of interest and the sum of money.

Q. A certain principal amounts to

R s 620

6

years at the simple rate of interest

4 %

per year. Find in how many years the principle amount to

R s 700

at double the rate of interest?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Interest

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Understanding Simple Interest (Changing Time)

Standard VII Mathematics

Join BYJU'S Learning Program

CrossIcon