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

Byju's Answer

Standard X

Mathematics

Calculating Interest on Savings Account

Suppose a cer...

Question

Suppose a certain sum doubles in $2 y e a r s$ at the $r %$ rate of simple interest per annum or at the $R %$ rate of interest per annum compounded annually. We have

$r < R$

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

$R < r$

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

$R = r$

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

$c a n ’ t b e d e c i d e d$

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

Open in App

Solution

The correct option is B
$R < r$

When the total amount received in two years is the same for both simple and compound interest on the same principal, the simple interest rate is greater than the compound interest rate.
i.e., $R < r$

Suggest Corrections

Similar questions

Q. Fill in the blanks.

(i)

P = \frac{100 \times (. . . . . .)}{R \times T}

(ii)

R = \frac{100 \times SI}{(. . . . . .) \times T}

(iii) At (......)% per annum simple interest a sum doubles itself in 10 years.
(iv) At simple interest a sum becomes

\frac{6}{5}

of itself in

2 \frac{1}{2}

years. The rate of interest is (......)% per annum.

Suppose a certain sum doubles in $2$ year at $r %$ rate of simple interest per annum and $R %$ rate of interest per annum compounded annually.

Then,
(a) $r < R$
(b) $R < r$
(c) $R = r$
(d) Cannot be determined

Question 2

Suppose a certain sum doubles in 2 yr at r% rate of simple interest per annum and R% rate of interest per annum compounded annually.
Then,
(a) r < R
(b) R < r
(c) R = r
(d) Cannot be determined

Q. The compound interest on a certain sum for

2

years at

10

% per annum is

R s . 525

. The simple interest on the same sum for double the time at half the rate percent per annum is:

Q. The difference between the compound interest on a certain sum at the rate of

5 %

per annum for

2

years compounded annually and simple interest for the same

2

years is Rs.

1000

. What is the principal sum?

Join BYJU'S Learning Program

Suppose a certain sum doubles in 2years at the r% rate of simple interest per annum or at the R% rate of interest per annum compounded annually. We have

The correct option is B R<rWhen the total amount received in two years is the same for both simple and compound interest on the same principal, the simple interest rate is greater than the compound interest rate.i.e., R<r

Suppose a certain sum doubles in $2 y e a r s$ at the $r %$ rate of simple interest per annum or at the $R %$ rate of interest per annum compounded annually. We have

The correct option is B
$R < r$

When the total amount received in two years is the same for both simple and compound interest on the same principal, the simple interest rate is greater than the compound interest rate.
i.e., $R < r$