Advertisements
Advertisements
Question
If Meena gives an interest of ₹ 45 for one year at 9% rate p.a.. What is the sum she has borrowed?
Advertisements
Solution
Simple Interest = `("Principal" xx "Rate" xx "Time")/100`
45 = `("Principal" xx 9xx1)/100`
Principal = `(45xx100)/9`
= ₹ 500
Therefore, Meena has borrowed ₹ 500.
APPEARS IN
RELATED QUESTIONS
Find the interest and the amount on:
₹ 750 in 3 years 4 months at 10% per annum.
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.
Basha borrowed ₹ 8,500 from a bank at a particular rate of simple interest. After 3 years, he paid ₹ 11,050 to settle his debt. At what rate of interest he borrowed the money?
Which among the following rate of interest yields an interest of ₹ 200 for the principle of ₹ 2,000 for one year
The value of a machine depreciates at 10% per year. If the present value is ₹ 1,62,000, what is the worth of the machine after two years?
The time period after which the interest is added each time to form a new principal is called the ______.
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 ₹ 30000 for 3 years at the rate of 15% per annum is ______.
Amount received on ₹ 3000 for 2 years at the rate of 11% per annum is ______.
Interest on ₹ 12500 at 18% per annum for a period of 2 years and 4 months is ______.
