Given:
Amount after 3 years = ₹1,200
Amount after 4 years = ₹1,350
Formula Used:
Simple Interest (SI) = Principal (P) × Rate % (R) × Time (T)
Amount = Principal + Simple Interest
Solution:
SI in 1 year = 1350 – 1200 = ₹150
SI in 3 years = 450
450 = Amount – Sum
Sum = 1200 – 450 = ₹750
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80 Questions
160 Marks
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Simple interest of ₹375 is obtained on a sum of money for a period of 3 years at a rate of 2% per annum. Find the sum (in ₹).
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Amit invests a sum of Rs. 5400 and Gopal invests a sum of Rs. 10200 at the same rate of simple interest per annum. If, at the end of 4 years, Gopal gets Rs. 960 more interest than Amit, then find the rate of interest per annum (in percentage).
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Gopal invests a sum of Rs. 5400 and Akshay invests a sum of Rs. 9400 at the same rate of simple interest per annum. If, at the end of 6 years, Akshay gets Rs. 720 more interest than Gopal, then find the rate of interest per annum (in percentage).
Akshay invests a sum of Rs. 5400 and Atul invests a sum of Rs. 9400 at the same rate of simple interest per annum. If, at the end of 6 years, Atul gets Rs. 360 more interest than Akshay, then find the rate of interest per annum (in percentage).
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