Login / Signup

Question

A sum of Rs. 1,000 is borrowed at a certain rate of interest. After 4 months, Rs 500 is again borrowed, but this time at a rate of interest that is thrice the original rate. At the end of the year, the total interest on both the amounts is Rs. 100. What is the original rate per annum?

A 3.33%

B 5%

C 8%

D 10%

Practice Next

More Simple and compound interest Questions

Mark invested Rs 15,000 in a scheme at simple interest 20% per annum. After three years he withdrew the principal amount plus invested the entire amount in...
Sunil invested Rs. ‘4x’ in scheme ‘A’ offering simple interest of 25% p.a. and reinvested the interest earned from scheme ‘A’ at the end of 4 years in sche...
The simple interest earned on a principal of Rs. 6400 at an annual interest rate of (p + 4)% for 3 years is the same as the simple interest earned on a pri...
A sum of Rs. 2100 is invested at simple interest for 2 years. If the rate interest for first year is 15% p.a. while 25% p.a. for second year, then find the...
Karan saved Rs. x in a fixed deposit at 12% simple interest per annum. If the total interest after 5 years amounts to Rs. ‘1.8x – 1000’, determine the valu...
A man invested a certain amount of sum at 12.5% per annum simple interest and earned an interest of Rs.2700 after 4 years. If the same amount is invested a...
An equal sum of money is invested in two schemes which offer interest at the same rate but one at simple interest and the other at compound interest (compo...
On a sum of Rs 5,000 at 10% per annum for 2 years, what is the difference between compound interest (compounded annually) and simple interest?
A Motorbike can be purchased on cash payment of Rs. 30000. But the same Motorbike can also be purchased on the cash down payment of Rs 7000 and the rest ca...
A certain amount doubles itself when invested at r% p.a. simple interest for 10 years. Find the value of r.

Relevant for Exams:

SBI Clerk

Hey! Ask a query

ask-question