Advertisements
Advertisements
Question
Kisanrao wanted to make a pond in his field. He borrowed rupees 35250 from a bank at an interest rate of 6 p.c.p.a. How much interest will he have to pay to the bank at the end of the year?
Advertisements
Solution
Given:
Principal (P) = 35250 rupees
Rate of interest (R) = 6%
Time (T) = 1 year
Now, Interest = `("P" xx "R" xx "T")/100`
`= (35250 xx 6 xx 1)/100`
`= 211500/100`
= 2115 rupees
Hence, Kisanrao will have to return 2115 rupees as interest to the bank at the end of the year.
APPEARS IN
RELATED QUESTIONS
Ashok lent out Rs.7000 at 6% and Rs.9500 at 5%. Find his total income from the interest in 3 years.
Vinita deposited Rs. 15000 in a bank for one year at an interest rate of 7 p.c. p.a. How much interest will she get at the end of the year?
Vilasrao borrowed Rs. 20000 from a bank at a rate of 8 p.c.p.a. What is the amount he will return to the bank at the end of the year?
In simple interest, a sum of money amounts to ₹ 6,200 in 2 years and ₹ 6,800 in 3 years. Find the principal and rate of interest.
The interest on ₹ 30000 for 3 years at the rate of 15% per annum is ______.
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 ______.
Interest on ₹ 3000 at 10% per annum for a period of 3 years is ______.
Interest on ₹ 1200 for `1 1/2` years at the rate of 15% per annum is ₹ 180.
Radhika borrowed ₹ 12000 from her friends. Out of which ₹ 4000 were borrowed at 18% and the remaining at 15% rate of interest per annum. What is the total interest after 3 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.
