Correct option is D
Given:
Principal = 1000
Amount = 2210
Simple Interest = 2210 - 1000 = 1210
Rate of Interest = Time = R
Formula Used:
Simple Interest =
Solution:
Therefore, the annual rate of interest is 11%.
A sum of Rs. 1000 becomes Rs. 2210 when invested in a scheme of simple interest. If the annual rate of interest and the number of years for which the sum was invested are same, then what is the annual rate of interest?
Given:
Principal = 1000
Amount = 2210
Simple Interest = 2210 - 1000 = 1210
Rate of Interest = Time = R
Formula Used:
Simple Interest =
Solution:
Therefore, the annual rate of interest is 11%.
A music teacher borrowed ₹8,200 from a friend at 6.5% simple interest per annum. After 3 years, he repaid the amount along with a small donation of ₹280 to his friend's charity. Find the total amount he paid.
At what rate (in percentage) per year will a sum of money 5 times itself in 16 years on simple interest?
Amrita borrowed ₹ 6500 from a bank at 6% p.a. for 2 years and 6 months. The amount paid by her at the end of this period is
The simple interest on an amount for 6 years at 4% p.a. is ₹ 7,500 less than the simple interest on the same amount for 11 years. Find the amount.
A sum was put at simple interest at a certain rate for 2 years. Had it been put at 3% higher rate, it would have fetched ₹ 300 more. Find the sum.
What is the rate percent and time needed, both of them being equal in value, for the simple interest on a certain sum to be 36 over 100 of that sum?
Ravi lent ₹12,000 to his friend at a simple interest rate of 8% per annum. After how many years will the total amount become ₹16,800 ?
What sum (in ₹) will earn a simple interest of ₹840 in 3 years at 20% per year rate of interest?
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 ₹).
A sum amounts to ₹ 9075 in years at 15% p.a, interest compounded 8-monthly. What is the simple interest (in ₹) on the same sum for the same period and at the same rate of interest ?
Suggested Test Series
Suggested Test Series
A music teacher borrowed ₹8,200 from a friend at 6.5% simple interest per annum. After 3 years, he repaid the amount along with a small donation of ₹280 to his friend's charity. Find the total amount he paid.
At what rate (in percentage) per year will a sum of money 5 times itself in 16 years on simple interest?
Amrita borrowed ₹ 6500 from a bank at 6% p.a. for 2 years and 6 months. The amount paid by her at the end of this period is
The simple interest on an amount for 6 years at 4% p.a. is ₹ 7,500 less than the simple interest on the same amount for 11 years. Find the amount.
A sum was put at simple interest at a certain rate for 2 years. Had it been put at 3% higher rate, it would have fetched ₹ 300 more. Find the sum.
What is the rate percent and time needed, both of them being equal in value, for the simple interest on a certain sum to be 36 over 100 of that sum?
Ravi lent ₹12,000 to his friend at a simple interest rate of 8% per annum. After how many years will the total amount become ₹16,800 ?
What sum (in ₹) will earn a simple interest of ₹840 in 3 years at 20% per year rate of interest?
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 ₹).
A sum amounts to ₹ 9075 in years at 15% p.a, interest compounded 8-monthly. What is the simple interest (in ₹) on the same sum for the same period and at the same rate of interest ?