a) Rs. 1700 b) Rs. 1800 c) Rs. 1900 d) Rs. 2000 Answer: d Explanation: Let ...
View QuestionWhat sum will amount to Rs. 7000 in 5 years at 3(1/3) % simple interest ?
What sum will amount to Rs. 7000 in 5 years at $${\text{3}}\frac{1}{3}$$ % simple interest ? a) ...
View QuestionAsmita invest an amount of Rs. 9534 @ 4 p.c.p.a to obtain a total amount of Rs. 11442 on simple interest after a certain period. For how many years did she invest the amount to obtain the total sum?
Asmita invest an amount of Rs. 9534 @ 4 p.c.p.a to obtain a total amount of Rs. 11442 ...
View QuestionRam borrows Rs. 520 from Gaurav at a simple interest of 13% per annum. What amount of money should Ram pay to Gaurav after 6 months to be absolved of the debt?
a) Rs. 353.80 b) Rs. 453.80 c) Rs. 552.80 d) Rs. 553.80 Answer: d Explanation: ...
View QuestionA sum of Rs. 1600 gives a simple interest of Rs. 252 in 2 years and 3 months. The rate of interest per annum is = ?
a) $$5\frac{1}{2}$$ % b) 8% c) 7% d) 6% Answer: c Explanation: $$\eqalign{ & {\text{Time ...
View QuestionThe difference between the simple interest received from two different sources on Rs. 1500 for 3 years is Rs. 13.50. The difference between their rates of interest is ?
a) 0.1% b) 0.2% c) 0.3% d) 0.4% Answer: c Explanation: Let the rate of interest ...
View QuestionA sum of money becomes 7/6 of itself in 3 years at a certain rate of simple interest. The rate of interest per annum is ?
A sum of money becomes $$\frac{7}{6}$$ of itself in 3 years at a certain rate of simple interest. ...
View QuestionA person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6(1/4) p.a for 2 years. Find his gain in the transaction per year.
A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to ...
View QuestionA lent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest at the same rate of interest and received Rs. 2200 in all from both of them as interest. The rate of interest per annum is:
a) 5% b) 7% c) 9% d) 10% Answer: d Explanation: $$\eqalign{ & {\text{Let}}\,{\text{the}}\,{\text{rate}}\,{\text{be}}\,R\% \,{\text{p}}{\text{.a}}{\text{.}}\, ...
View QuestionAn automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes:
a) 10% b) 10.25% c) 10.5% d) None of these Answer: b Explanation: $$\eqalign{ & {\text{Let}}\,{\text{the}}\,{\text{sum}}\,{\text{be}}\,{\text{Rs}}{\text{.}}\,{\text{100}}{\text{.}}\, ...
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