Advertisements
Advertisements
Question
At a rate of 10 p.c.p.a., what would be the interest for one year on rupees 6000?
Advertisements
Solution
Given:
Principal (P) = 6000 rupees
Rate of interest (R) = 10%
Time (T) = 1 year
Now, Interest = `("P"xx"R"xx"T")/100`
`=(6000 xx 10 xx 1)/100`
`= 60000/100`
= 600 rupees
Hence, the interest for one year would be 600 rupees.
APPEARS IN
RELATED QUESTIONS
Find the interest and the amount on:
₹ 4,000 in `1 1/3` years at 2 paise per rupee per month.
If ₹ 3,750 amount to ₹ 4,620 in 3 years at simple interest. Find:
(i) the rate of interest
(ii) the amount of Rs. 7,500 in `5 1/2` years at the same rate of interest
Sheela has paid simple interest on a certain sum for 4 years at 9.5% per annum is ₹ 21,280. Find the sum
A sum of ₹ 48,000 was lent out at simple interest and at the end of 2 years and 3 months the total amount was ₹ 55,560. Find the rate of interest per year
A principal becomes ₹ 17,000 at the rate of 12% in 3 years. Find the principal.
Which among the following is the simple interest for the principle of ₹ 1,000 for one year at the rate of 10% interest per annum?
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.
The ______ of interest on a sum of ₹ 2000 at the rate of 6% per annum for `1 1/2` years and 2 years is ₹ 420.
₹ 9000 becomes ₹ 18000 at simple interest in 8 years. Find the rate per cent per annum.
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?
