MyQuestionIcon

1

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

Simple Interest

What is the s...

Question

What is the simple interest earned on a sum of ₹ 2000 at an interest rate of 5 % per annum for a period of 1 year?

A

₹ 200

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

B

₹ 1200

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

C

₹ 120

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

D

₹ 60

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

Open in App

Solution

The correct option is C ₹ 120

Suggest Corrections

thumbs-up

0

Similar questions

Q. What is the rate of interest p.c.p.a.?
I. An amount doubles itself in

5

years on simple interest.
II. Difference between the compound interest and the simple interest earned on a certain amount in

2

R s . 400

.
III. Simple interest earned per annum is

R s . 2000

.

Q. Find the difference between the simple interest earned on an amount of Rs. 32000 at the rate of 10% per annum for 3 years and the simple interest earned on an amount of Rs. 48000 at the rate of 5% per annum for 4 years.

Q. If the compound interest earned on a certain sum for 2 years at 12% per annum is Rs. 636, what will be the simple interest at the same rate for the same period?

Q. A sum lent at the simple interest at the rate of 5% per annum for 4 years, amounts to ₹ 6,000. What is the ratio of the sum to the interest earned in five years?

Q. A man invested Rs. 16,000 at a simple interest rate of 8% per annum for 2 years. Had he invested the sum at a compound interest rate of 8% per annum for the same period, how much more would be have earned?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Simple Interest

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Simple Interest

Standard VI Mathematics

Join BYJU'S Learning Program

CrossIcon