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
Raj borrows Rs.8,000; out of which Rs. 4500 at 5% and the remainder at 6%. Find the total interest paid by him in 4 years.
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
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?
At a rate of 10 p.c.p.a., what would be the interest for one year on rupees 6000?
If Manohar pays an interest of Rs. 750 for 2 years on a sum of Rs. 4,500, find the rate of interest.
In what time will ₹ 17800 amount to ₹ 19936 at 6% per annum?
Given the principal = Rs 40,000, rate of interest = 8% p.a. compounded annually. Find principal for 2nd year.
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.
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?
