a) 9 years b) 8 years c) 27 years d) 12 years Answer: d Explanation: $$\eqalign{ & {\text{Principal}} ...
View QuestionAsif borrows Rs. 1500 from two moneylenders. He pays interest at the rate of 12% per annum for one loan and at the rate of 14% per annum for the other. The total interest he pays for the entire year is Rs. 186. How much does he borrow at the rate of 12%
a) Rs. 1200 b) Rs. 1300 c) Rs. 300 d) Rs. 1400 Answer: a Explanation: Let Asif ...
View QuestionRaju lent Rs. 400 to Ajay for 2 years and Rs. 100 to Manoj for 4 years and received together from both Rs. 60 as interest. Find the rate of interest, simple interest being calculated.
a) 8% b) 9% c) 5% d) 6% Answer: c Explanation: $$\eqalign{ & {\text{Let}}\,{\text{rate}}\,{\text{is}}\,R\% \cr ...
View QuestionFind the principal if the interest compounded at the rate of 10% per annum for two years is Rs. 420.
a) Rs. 2200 b) Rs. 2000 c) Rs. 1100 d) Rs. 1000 Answer: b Explanation: $$\eqalign{ ...
View QuestionRahul purchased a Maruti van for Rs. 1,96,000 and the rate of depreciation is 14(2/7) % per annum. Find the value of the van after two years.
Rahul purchased a Maruti van for Rs. 1,96,000 and the rate of depreciation is 14(2/7) % per annum. ...
View QuestionDivide Rs. 6000 into two parts so that simple interest on the first part for 2 years at 6% p.a. may be equal to the simple interest on the second part for 3 years at 8% p.a.
a) Rs. 4000, Rs. 2000 b) Rs. 5000, Rs. 1000 c) Rs. 3000, Rs. 3000 d) None of these
View QuestionWhat is the difference between the simple interest on a principal of Rs. 500 being calculated at 5% per annum for 3 years and 4% per annum for 4 years?
a) Rs. 5 b) Rs. 10 c) Rs. 20 d) Rs. 40 Answer: a Explanation: ...
View QuestionA sum becomes 4 times at simple interest in 10 years. What is the rate of interest?
a) 10% b) 20% c) 30% d) 40% Answer: c Explanation: $$\eqalign{ ...
View QuestionIn what time will Rs. 3300 becomes Rs. 3399 at 6% per annum interest compounded half-yearly?
a) 1 year b) 6 months c) 3 months d) $$1\frac{1}{2}$$ years Answer: b Explanation: $$\eqalign{ & P ...
View QuestionIf a sum of Rs. 13040 is to be repaid in two equal installments at 3(3/4) % per annum, what is the amount of each installment?
If a sum of Rs. 13040 is to be repaid in two equal installments at $$3\frac{3}{4}$$ % per ...
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