a) 1 years b) 3 years c) 5 years d) 7 years Answer: b Explanation: ...
View QuestionConsider the following statements If a sum of money is lent at simple interest, then the- I – money gets doubled in 5 years if the rate of interest is 16(2/3)%.II – money gets doubled in 5 years if the rate of interest is 20%. III – money becomes four times in 10 years if it gets doubled in 5 years.
Consider the following statements If a sum of money is lent at simple interest, then the I - money gets ...
View QuestionIf a sum doubles in 6 years, how much will it be in 8 years ?
a) $$1\frac{1}{2}$$ times b) $$1\frac{1}{3}$$ times c) $$1\frac{1}{4}$$ times d) $$1\frac{3}{4}$$ times Answer: a Explanation: Let Sum ...
View QuestionA sum of money becomes Rs. 20925 in 2 years and Rs. 24412.50 in 5 years. Find the rate of interest and the sum of money.
a) 6.25%, Rs. 18600 b) 6.75%, Rs. 17775 c) 7%, Rs. 18000 d) 8%, Rs. 17560 Answer: ...
View QuestionA sum of money lent out at simple interest amounts to Rs. 720 after 2 years and to Rs.1020 after a further period of 5 years. The sum is
a) Rs. 500 b) Rs. 600 c) Rs. 700 d) Rs. 710 Answer: b Explanation: $$\eqalign{ ...
View QuestionWhat annual installment will discharge a debt of Rs. 6450 due in 4 years at 5% simple interest =
a) Rs. 1500 b) Rs. 1835 c) Rs. 1935 d) Rs. 1950 Answer: a Explanation: $$\eqalign{ & ...
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 as interest. The rate of interest per annum is =
a) 7% b) 5% c) $$7\frac{1}{8}$$ % d) 10% Answer: d Explanation: ...
View QuestionThe simple interest on a sum of money is 1/4 of the principal and the number of years is equal to rate percent per annum. The rate percent is =
The simple interest on a sum of money is $$\frac{1}{4}$$ of the principal and the number of years ...
View QuestionRs. 1000 is invested at 5% per annum simple interest. If the interest is added to the principal after every 10 years, the amount will become Rs. 2000 after =
a) 15 years b) 18 years c) 20 years d) $$16\frac{2}{3}$$ years Answer: d Explanation: $$\eqalign{ & {\text{Principal ...
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