Question
What is the ratio of the simple interest earned on a
certain amount at the rate of 21% per annum for 8 years to that earned on the same sum at the same rate for 42 years?Solution
Let the principal amount =100 Interest at the rate of 21% for 8 years = (100×21×8)/100=168Rs. At the same amount and rate –but time 42 years. Simple interest = (100×42×21)/100=882Rs. Ratio =168:882=4:21
More Simple and compound interest Questions
Dead Ringer
Ram is very calculative and always has an axe to grind.
- In each of the following questions, an idiomatic expression or a proverb has been given in bold . Choose the option that best expresses its meaning.
Accept a belief, theory, or change willingly and enthusiastically
Select the most appropriate meaning of the given idiom.
Bang for the buck
Select the most appropriate meaning of the given idiom.
Close fisted
- Select the most appropriate meaning of the bold idiom in the following sentence.
After the merger, the CEO knew he had to face the music for the co... - Select the most appropriate meaning of the bolded idiom in the following sentence.
After the argument, he decided to bury the hatchet and move on w... Down To The Wire
Widely known and esteemed
Relevant for Exams:
