Advertisements
Advertisements
Question
In What time will ₹ 16,500 amount to ₹ 22,935 at 13% per annum?
Advertisements
Solution
Rate of interest r = 13% per annum
Here Amount A = ₹ 22,935
Principal P = ₹ 16,500
A = P + I
22935 = 16,500 + I
∴ Interest I = 22935 – 16,500 = ₹ 6,435
Simple Interest I = `"Pnr"/100`
6435 = `(16500 xx "n" xx 13)/100`
n = `(6435 xx 100)/(16500 xx 13)`
n = 3 years
Required time n = 3 years
APPEARS IN
RELATED QUESTIONS
What rate gives ₹ 280 as interest on a sum of ₹ 56,000 in 2 years?
Find the interest and the amount on:
₹ 5,000 at 8% per year from 23rd December 2011 to 29th July 2012.
The simple interest on a certain sum of money is `3/8` of the sum in `6 1/4` years. Find the rate percent charged.
Ashok lent out Rs.7000 at 6% and Rs.9500 at 5%. Find his total income from the interest in 3 years.
At a rate of 10 p.c.p.a., what would be the interest for one year on rupees 6000?
Find the simple interest on ₹ 35,000 at 9% per annum for 2 years?
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
Interest on ₹ 3000 at 10% per annum for a period of 3 years is ______.
Amount obtained by depositing ₹ 20,000 at 8% per annum for six months is ______.
The difference of interest for 2 years and 3 years on a sum of ₹ 2100 at 8% per annum is ______.
