Advertisements
Advertisements
Question
Aravind borrowed a sum of ₹ 8,000 from Akash at 7% per annum. Find the interest and amount to be paid at the end of two years
Advertisements
Solution
Here Principal P = ₹ 8,000
Rate of interest r = 7% per annum
Time (n) = 2 years
Simple Interest (I) = `"Pnr"/100`
= `(8000 xx 2 xx 7)/100`
I = ₹ 1120
Amount = P + I
I = ₹ 8000 + 1120 = 9120
Interest to be paid = ₹ 1,120
Amount to be paid = ₹ 9,120
APPEARS IN
RELATED QUESTIONS
If Meena gives an interest of ₹ 45 for one year at 9% rate p.a.. What is the sum she has borrowed?
Kisanrao wanted to make a pond in his field. He borrowed rupees 35250 from a bank at an interest rate of 6 p.c.p.a. How much interest will he have to pay to the bank at the end of the year?
Find the simple interest on ₹ 35,000 at 9% per annum for 2 years?
In how much time will the simple interest on ₹ 3,000 at the rate of 8% per annum be the same as simple interest on ₹ 4,000 at 12% per annum for 4 years?
Given the principal = Rs 40,000, rate of interest = 8% p.a. compounded annually. Find
- Interest if period is one year.
- Principal for 2nd year.
- Interest for 2nd year.
- Amount if period is 2 years.
Given the principal = Rs 40,000, rate of interest = 8% p.a. compounded annually. Find Interest for 2nd year.
Gayatri’s income is ₹ 1,60,000 per year. She pays 15% of this as house rent and 10% of the remainder on her child’s education. The money left with her is ______.
The interest on ₹ 350 at 5% per annum for 73 days is ₹ 35.
Interest on ₹ 1200 for `1 1/2` years at the rate of 15% per annum is ₹ 180.
In how many years will the simple interest on a certain sum be 4.05 times the principal at 13.5 per cent per annum?
