CameraIcon

SearchIcon

MyQuestionIcon

1

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

Understanding Compound Interest Using Simple Interest (Rate Compounded Annually)

The simple in...

Question

The simple interest on a certain sum for 6 years at 14% per annum is Rs. 470.40. The sum is ______ .

A

Rs. 530

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

B

Rs. 560

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

C

Rs. 510

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

D

Rs. 550

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

Open in App

Solution

The correct option is B
Rs. 560

Suggest Corrections

thumbs-up

6

Similar questions

The simple interest on a certain sum for 6 years at 14% per annum is Rs.470.40. The sum is ______ .

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

6

Q. The simple interest on a certain sum for 8 years at 12% per annum is ₹3,120 more than the simple interest on the same sum for 5 years at 14 % per annum. Find the sum.

Q. Simple interest on a certain sum of money for

3

8

% per annum is half the compound interest on

R s . 4000

2

10

% per annum. The sum placed on simple interest is:

Q. The compound interest on a certain sum for

1

5 %

per annum is Rs.

1680

, find the simple interest on the same sum for

1

5 %

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Simple and Compound Interest

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Understanding Compound Interest Using Simple Interest (Rate Compounded Annually)

Standard VIII Mathematics

Join BYJU'S Learning Program

CrossIcon