Advertisements
Advertisements
Question
Interest on ₹ 3000 at 10% per annum for a period of 3 years is ______.
Advertisements
Solution
Interest on ₹ 3000 at 10% per annum for a period of 3 years is ₹ 900.
Explanation:
Given, P = ₹ 3000, R = 10% and T = 3 years
We know that,
`I = (P xx R xx T)/100`
= `(3000 xx 10 xx 3)/100`
= ₹ 900
Hence, interest is ₹ 900.
APPEARS IN
RELATED QUESTIONS
Find the amount to be paid at the end of 3 years in given case:
Principal = ₹ 7,500 at 5% p.a.
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.
At what rate percent of simple interest will the interest on Rs.3750 be one-fifth of itself in 4 years? To what will it amount in 15 years?
Mahesh deposited rupees 8650 in a bank at a rate of 6 p.c.p.a. How much money will he get at the end of the year in all?
Sheela has paid simple interest on a certain sum for 4 years at 9.5% per annum is ₹ 21,280. Find the sum
Interest on ₹ 12500 at 18% per annum for a period of 2 years and 4 months is ______.
Chalk contains 10% calcium, 3% carbon and 12% oxygen. Find the amount of carbon and calcium (in grams) in `2 1/2` kg of chalk.
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?
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.
