A sum when invested at 12 % simple interest per annum amounts to ₹8,250 after 2 years. What is the simple interest in 1 year?
Given:
Rate = per annum
Amount after 2 years = ₹8250
Time = 2 years
Formula Used:
SI =
A = P + SI
Solution:
Let principal = P
SI for 2 years = A − P = ₹8250 − P
Now,
SI =
So,
A = P +
Now,
P = = ₹6600
Now, SI for 1 year:
SI = = ₹825
Alternate Solution:
12.5% =
for 2 year SI = 2 unit
Amount = 2 + 8 = 10 unit
10 unit = ₹8250
So, 1 unit = (SI for 1 year)
English
100 Questions
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90 Mins English English100 Questions100 Marks90 Mins English English100 Questions100 Marks90 Mins EnglishA 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 ?
