📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      A sum lent out at simple interest amounts to 6076 in 1

      year and 7504 in 4 years. The sum and the rate of interest p.a. are respectively
      A 5600rs ,8.5% Correct Answer Incorrect Answer
      B 5800rs ,8% Correct Answer Incorrect Answer
      C 6200rs, 6% Correct Answer Incorrect Answer
      D 5400rs ,7.5% Correct Answer Incorrect Answer

      Solution

      year                      Amount 1year                    6076......(1) 4year                    7504......(2) for interest difference between eq (1) and (2) 3             = 1428 1             =476 to equation (1) ... SI=476 A=6074 P=6074-476=5600 P=5600rs then R = (476×100)5600×1 =47600/5600 =476/56=119/14 =8.5%

      Practice Next
      More Simple and compound interest Questions
      ask-question