Question
What will be the ratio of simple interest earned on
certain amount at the same rate of interest for 5 years and that for 10 years?Solution
Let the principal be P and rate of interest be R%. Required ratio = [(P×R×5)/100)]/[(P×R×10)/100)] = 5PR/10PR = 1:2
- A sum of Rs. 2000 earns a simple interest of Rs. 600 in 5 years at R% per annum. Calculate the simple interest on Rs. 2500 at the rate of (R + 2)% per annu...
The difference between the interest received from two different banks on Rs. 500 for 2 years is Rs. 2.50. The difference between their rates is ?
Vishal has certain sum of money with him. He invested 80% of the sum in scheme ‘X’ offering 15% p.a. simple interest for 8 years and received Rs. 27...
A man invested a certain amount of sum at 12.5% per annum simple interest and earned an interest of Rs.2000 after 4 years. If the same amount is investe...
Rs. 10000 is invested in scheme ‘A’ for a year at simple interest of 29% p.a. The interest received from scheme ‘A’ is reinvested for 2 years in...
- A sum is invested at a certain rate (p.a.) of compound interest (compounded annually). The interest earned after 1st year and after 2 years of investment i...
Rs. 6,500 is invested in scheme ‘A’ for a year at simple interest of 20% p.a. The interest received from scheme ‘A’ is reinvested for 2 years in...
- P invested a certain sum in SIP 'A', which earns compound interest at a rate of 25% per annum for a period of 3 years, resulting in an interest amount of R...
Rs. 7,000 is invested in scheme ‘A’ offering simple interest of 12% p.a. and Rs. 8,000 in scheme ‘B’ offering simple interest of 6% p.a. What is...
- The amount of simple interest earned on ₹4080 at an annual rate of 7.5% for t years is compared to the simple interest earned on ₹3250 at an annual rat...
Relevant for Exams:
