Question
A sum, when invested at 12(½)% simple interest per annum, amounts to ₹8,250 after 2 years. What is the simple interest?
Hence, SI = 8250 − 6600 = ₹1650 More Simple and compound interest Questions
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- A certain amount becomes Rs. 7,680 in 6 years and Rs. 9,120 in 9 years on simple interest. Determine the rate of interest per year.
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- Rahul placed Rs. 40,000 between two investment options, ‘E’ and ‘F’, for 6 years and 3 years, respectively. Option ‘E’ accrues simple interest at 10% per a...
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- A principal of Rs. 'x' is invested at an annual compound interest rate of 30%, compounded yearly, and grows to Rs. 2535 after 2 years. Calculate the simple...
- A sum is lent on compound interest for 2 years at 9% p.a. If the compound interest on the sum is Rs.2257.2, find the sum.
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