Question
Atul has Rs.350 with him. He invested 20% of the amount
at 5% p.a. for 8 years and rest at 10% p.a. for 5 years. Find the sum of simple interests received by Atul from the two investments.Solution
SI received from 20% of the sum = (0.2 x 350 x 5 x 8)/100 = Rs.28 SI received from 80% of the sum = (0.8 x 350 x 10 x 5)/100 = Rs.140 Therefore, total SI received = Rs.(28 + 140) = Rs.168
Sam invested a certain sum in scheme A for 5 years and in scheme B for 3 years, a sum which was double of that invested in scheme A. Both the schemes of...
Rs.700 amounts to Rs.742 in 2 years at a certain rate. If interest rate is increased by 2%, then what will be the new interest?
A certain sum of money, when invested at a simple interest rate of 12% per annum, grows to Rs. 3,850 over a period of 54 months. What will be the inter...
- Anita invests Rs. 9,200 at 7% simple interest per annum for 3 years. If the total amount becomes Rs. '2k', then calculate the product of digits of 'k'.
A took loan from a bank at the rate of 12%p.a. simple interest. After 5 years he had to pay Rs.7200 interest only for the period. The principal amount b...
If Simple Interest is 12.5% more than the principal and number of years(n), rate(r) are numerically in the ratio 2 : 1, then find the values of n, r.
A person borrowed Rs. 9,300 at 11% p.a. and Rs. 6,700 at 13% p.a. simple interest. If the total interest paid after ‘n’ years is Rs. 5,486, find the...
The simple interest received on a certain sum is Rs. 500 less than the sum invested. If the sum was invested at 12% p.a. for 8 years, then find the simp...
An amount of Rs. ‘y’ was invested on (R-2)% per annum on simple interest and at the end of 6 years an amount of Rs. 23100 was obtained as an interes...
If Rs. 12,500 is invested at simple interest for 2.5 years and the total amount becomes Rs. 15,625, what is the rate of interest per annum?
Relevant for Exams:
