Advertisements
Advertisements
Question
Find the amount to be paid at the end of 3 years in given case:
Principal = ₹ 1,200 at 12% p.a.
Advertisements
Solution
Principal = ₹ 1200
Rate = 12% p.a.
Time = 3 years
Simple interest in years = `("Principal" xx "Rate" xx "Time")/100`
= `(1200 xx 12 xx 3)/100`
= ₹ 432
Amount = Principal + Simple Interest
= 1200 + 432
= ₹ 1632
RELATED QUESTIONS
In how many years will Rs.950 produce Rs.399 as a simple interest at 7%?
Ashok lent out Rs.7000 at 6% and Rs.9500 at 5%. Find his total income from the interest in 3 years.
A sum of money, lent out at simple interest, doubles itself in 8 years. Find :
(i) the rate of interest
(ii) in how many years will the sum become triple (three times) of itself at the same rate percent?
Anita takes a loan of Rs. 5,000 at 15% per year as the rate of interest. Find the interest she has to pay at the end of one year.
Vinita deposited Rs. 15000 in a bank for one year at an interest rate of 7 p.c. p.a. How much interest will she get at the end of the year?
Arun lent ₹ 5,000 to Balaji for 2 years and ₹ 3,000 to Charles for 4 years on simple interest at the same rate of interest and received ₹ 2,200 in all from both of them as interest. Find the rate of interest per year
Given the principal = Rs 40,000, rate of interest = 8% p.a. compounded annually. Find Interest for 2nd year.
Interest on ₹ 3000 at 10% per annum for a period of 3 years is ______.
What sum of money lent out at 16 per cent per annum simple interest would produce ₹ 9600 as interest in 2 years?
The simple interest on a certain sum for 8 years at 12 per cent per annum is ₹ 3120 more than the simple interest on the same sum for 5 years at 14 per cent per annum. Find the sum.
