CameraIcon

SearchIcon

MyQuestionIcon

1

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

Quantitative Aptitude

Mixture & Alligations

Suppose Shiva...

Question

Suppose Shiva deposits Rs. $1, 000$ in a bank for $5$ years for simple interest at the rate of $8$ % per annum. Calculate what he earns as interest over the years and tabulate it.

Open in App

Solution

$P = R s .1, 000, T = 5 y e a r s, R = 8 % S . I = P R T / 100 ⟹ \frac{1, 000 \times 8 \times 5}{100} = 400$

Suggest Corrections

thumbs-up

1

Similar questions

Mr. Sayuj deposits Rs 300 per month in a recurring deposit account for 2 years at a simple interest rate of 7% per annum.

Find the total interest he will earn after 2 years.

Q. A bank pays interest at the rate of

8 %

per annum compounded yearly. Find the interest by simple interest method if

R s . 8000

was deposited for

3

Q. If 400 dollars is deposited in a bank account for 4 years at 8% per annum . Calculate interest using simple interest formula.

Q. A person deposited

R s . 400

2

R s . 550

4

R s . 1200

6

years at the same rate of simple interest. If he received a total interest of

R s . 1020

, what is the rate of interest per annum?

Q. Suppose a person deposits Rs.

10, 000

in a bank for a simple interest at the rate of

7

% per annum. Obtain a relation for accrued interest in terms of years. Draw the graph of this relation. Use this to read the interest at the end of

10

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Averages and Alligations Concepts

QUANTITATIVE APTITUDE

Watch in App

explore_more_icon

Explore more

Mixture & Alligations

Other Quantitative Aptitude

Join BYJU'S Learning Program

CrossIcon