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Standard IX

Mathematics

Simple Interest

The sum of mo...

Question

The sum of money that will give $R s . 1$ as simple interest per day at the rate of $5 % p . a .$ is

R s . 730

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R s . 3650

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R s . 7300

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R s . 36500

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Solution

The correct option is A $R s . 7300$
Interest is paid Rs.1 per day then
Annual interest $= R s .365$ , Rate $= 5 % p . a .$ .
$∴$ Sum $= \frac{365 \times 100}{5 \times 1} = R s . 7300$ .

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Similar questions

Q. Tick (✓) the correct answer:
If the simple interest on a sum of money at 5% per annum for 3 years is Rs 1200 then the compound interest on the same sum for the same period at the same rate will be
(a) Rs 1225
(b) Rs 1236
(c) Rs 1248
(d) Rs 1261

Q. A sum of money amounts to Rs.8400 after 5 years and Rs.9840 after 8 years at the same rate of simple interest. The rate of interest per annum is

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and compound interest on the sum at same rate for

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years is Rs.

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, then the rate

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Q. At a certain rate of simple interest, a sum of

R s . 6400

becomes

R s . 8000

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years. What sum of money will become

R s . 15510

3

years at the same rate of interest?

Tick the correct answer in each of the following:

If the simple interest on a sum of money at $5 %$ per annum for 3 years is Rs 1200 then the compound interest on the same sum for the same period at the same rate will be

(a) Rs 1225 (b) Rs 1236 (c) R 1248 (d) Rs 1261

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The sum of money that will give Rs.1 as simple interest per day at the rate of 5%p.a. is

The correct option is A Rs.7300Interest is paid Rs.1 per day thenAnnual interest =Rs.365, Rate =5%p.a..∴ Sum =365×1005×1=Rs.7300.

The sum of money that will give $R s . 1$ as simple interest per day at the rate of $5 % p . a .$ is

The correct option is A $R s . 7300$
Interest is paid Rs.1 per day then
Annual interest $= R s .365$ , Rate $= 5 % p . a .$ .
$∴$ Sum $= \frac{365 \times 100}{5 \times 1} = R s . 7300$ .