MyQuestionIcon

1

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

Application of Simple Interest in Real Life Situations

Solve the fol...

Question

Solve the following problems.

A certain sum of money amounts to Rs. 1,512 in 2 years and Rs. 1,568 in 3 years at S.I. Find the principal and the rate of interest.

Open in App

Solution

Amount in 3 years = Rs.1,568

Amount in 2 years = Rs.1,512

Interest for 1 year= Rs.56

Interest for 2 years

Suggest Corrections

thumbs-up

1

Similar questions

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 Sum of money at simple interest amount to Rs. 815 in 3 years and to Rs. 854 in 4 years. Find the principal amount.

A certain sum of money amounts to Rs.1008 in 2 years and to Rs.1164 in 3.5 years. Find the rate of interest.

Q. A sum of money amount to

R s .780

in two years and

R s .1230

in seven years. Find the principal and rate of simple interest.

Q. The simple interest in

3

years and compound interest in

2

years on a certain sum of money at the same rate are

R s . 1200

R s . 832

respectively. The principal is

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Interest

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Application of Simple Interest in Real Life Situations

Standard VII Mathematics

Join BYJU'S Learning Program

CrossIcon