Advertisements
Advertisements
Question
Interest on ₹ 12000 for 1 month at the rate of 10% per annum is ______.
Options
₹ 1200
₹ 600
₹ 100
₹ 12100
Advertisements
Solution
Interest on ₹ 12000 for 1 month at the rate of 10% per annum is ₹ 100.
Explanation:
Principal = ₹ 12000
Time = 1 month = `1/12` year
Rate = 10% p.a.
Interest = `(P xx R xx T)/100`
= `(12000 xx 10 xx 1)/(100 xx 12)`
₹ 100
APPEARS IN
RELATED QUESTIONS
Find the amount to be paid at the end of 3 years in given case:
Principal = ₹ 1,200 at 12% p.a.
At a rate of 10 p.c.p.a., what would be the interest for one year on rupees 6000?
Ahmed Chacha borrowed rupees 25000 at 12 p.c.p.a. for a year. What amount will he have to return to the bank at the end of the year?
Angela deposited 15000 rupees in a bank at a rate of 9 p.c.p.a. She got simple interest amounting to 5400 rupees. For how many years had she deposited the amount?
If Manohar pays an interest of Rs. 750 for 2 years on a sum of Rs. 4,500, find the rate of interest.
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?
Rajni and Mohini deposited ₹ 3000 and ₹ 4000 in a company at the rate of 10% per annum for 3 years and `2 1/2` years respectively. The difference of the amounts received by them will be ______.
Dhruvika invested money for a period from May 2006 to April 2008 at rate of 12% per annum. If interest received by her is ₹ 1620, find the money invested.
What sum of money lent out at 16 per cent per annum simple interest would produce ₹ 9600 as interest in 2 years?
