Correct option is B
Given:
Simple Interest (SI) = Rs. 284
Time = 2 years
Rate = 5% per annum
Formula Used:
Solution:
Given:
Simple Interest (SI) = Rs. 284
Time = 2 years
Rate = 5% per annum
Formula Used:
Solution:
A sum when invested at the rate of 12% simple interest per annum, amounts to ₹8,500 after 3 years. The simple interest (in ₹) for the given time period is:
A man has invested ₹50,000 at a rate of 12% per annum simple interest for 4 years. Find the amount (in ₹) that he will receive after 4 years.
Mahesh borrowed a sum of ₹14,000 at a certain rate of simple interest for 4 years. If he paid an interest of ₹3,500 at the end of the period at x% per annum rate of interest, the value of x is: