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Question
Fill in the blanks in the table.
| Principal | Rate of interest (p.c.p.a.) | Time | Interest | Amount |
| ...... | 6% | 4 years | 1200 | ...... |
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Solution
| Principal | Rate of interest (p.c.p.a.) | Time | Interest | Amount |
| 5000 | 6% | 4 years | 1200 | 6200 |
Explanation:
Given:
Total interest (I) = 1200 rupess
Rate of interest (R) = 6%
Time (T) = 4 years
Formula:
Principal (P) = `("I"xx100)/("R"xx"T")`
Solution:
= `(1200xx100)/(6xx4)`
= 5000 rupees
Total Amount = P + I
= 5000 + 1200
= 6200 rupees
RELATED QUESTIONS
Virat opened a Savings Bank account in a bank on 16th April 2010. His pass book shows the following entries:
| Date | Particulars |
Withdrawal (Rs.) |
Deposit (Rs.) | Balance (Rs.) |
| April 16, 2010 | , By cash | - | 2500 | 2500 |
| April 28th | By cheque | - | 3000 | 5500 |
| May 9th | To cheque | 850 | - | 4650 |
| May 15th | By cash | 1600 | 6250 | |
| May 24th | To cash | 1000 | - | 5250 |
| June 4th | To cash | 500 | - | 4750 |
| June 30th | To cheque | - | 2400 | 7150 |
| July 3rd | By cash | - | 1800 | 8950 |
Calculate the interest Virat earned at the end of 31st July 2010 at 4% per annum interest. What sum of money will he receive if he closed the account on 1st August 2010?
Shahrukh opened a ‘Recurring Deposit’ account in a bank and deposited Rs. 800 per month for 1½ years. If he received Rs. 15,084 at the time of maturity, find the rate of interest per annum.
A page from the ‘Savings Bank’ account of Priyanka is given below:
| Date | Particulars |
Amount (Rs.) |
Amount deposited (Rs.) |
Balance (Rs.) |
| 03/04/2006 | B/F | 4000.00 | ||
| 05/04/2006 | By cash | 2000.00 | 6000.00 | |
| 18/04/2006 | By cheque | 6000.00 | 12000.00 | |
| 25/05/2006 | By cheque | 5000.00 | 7000.00 | |
| 30/05/2006 | By cash | 3000.00 | 10000.00 | |
| 20/07/2006 | By self | 4000.00 | 6000.00 | |
| 10/09/2006 | By cash | 2000.00 | 8000.00 | |
| 19/09/2006 | To cheque | 1000.00 | 7000.00 |
If the interest earned by Priyanka for the period ending September 2006 is Rs. 175, the find the rate of interest.
Mrs. Mathew opened a Recurring Deposit Account in a certain bank and deposited ₹ 640 per month for 4 ½ years. Find the maturity value of this account, if the bank pays interest at the rate of 12% per year.
Ashish deposits a certain sum of money every month is a Recurring Deposit Account for a period of 12 months. If the bank pays interest at the rate of 11% p.a. and Ashish gets ₹ 12,715 as the maturity value of this account, what sum of money did money did he pay every month?
A man has a Recurring Deposit Account in a bank for `3 1/2` years. If the rate of interest is 12% per annum and the man gets Rs. 10,206 on maturity, find the value of monthly instalments.
If Pankaj deposits 1,50,000 rupees in a bank at 10 p.c.p.a. for two years, what is the total amount he will get from the bank?
If the interest on 3000 rupees is 600 rupees at a certain rate for a certain number of years, what would the interest be on 1500 rupees under the same conditions?
Fill in the blanks in the table.
| Principal | Rate of interest (p.c.p.a.) | Time | Interest | Amount |
| 8000 | 5% | ...... | 800 | ...... |
Nasruddin and Mahesh invested Rs 40,000 and Rs 60,000 respectively to start a business. They made a profit of 30%. How much profit did each of them make?
