at a particular rate of simple interest, then the annual rate of interest is:
The sum of money increased from 1 to 41/40.
Increase = (41/40) - 1 = 1/40
Since the increase happened in 1/4 year (or one quarter), the quarterly interest rate is also 1/40.
According to question-
Annual interest rate = (1/40) x 4 x 100 = 10%
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120 Mins English English20 Questions20 Marks15 Mins English English200 Questions200 Marks120 Mins EnglishWhat 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 ?
In how much time will a sum of money ₹7500 earn an interest of ₹150 at the rate of 4% per annum simple interest?
The simple interest on a certain sum for years at the rate of 4.5% per annum is ₹8,778. What will be the amount payable on the same sum at the rate of 5.5% per annum simple interest in years?
The simple interest on a principal amount is Rs. 714 for a period of 3 years at the rate of 7% per annum.
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).
A certain sum invested at simple interest amounts to Rs. 8,411 in 3 years and to Rs. 9,776 in 6 years at thesame rate of interest per annum. What is the rate of interest per annum?
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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