Question
Yeshudas borrowed a certain amount from a Bank at an
interest rate of 2.5% p.a. and after 4 years , he repaid a total amount of 46,200 to the Bank. How much amount Rohan borrowed from the Bank ?Solution
Amount = P + I⟹ 6200 = P + I ∴ I = 46200 – P P = (SI× 100)/(R×T)⇒(46200-P× 100)/(2.5 × 4)⇒ P = 462000 – 10P ⇒ 11P = 462000 ∴ P = Rs. 42,000 IxamBee Approach: In 4 years, total interest rate = 2.5 × 4 = 10% i.e. 46,200 = 110% P = (46200 × 100)/110 = Rs. 42,000
The compound interest received on investing Rs. 10,000 for 2 years at 'y'% p.a., compounded annually is Rs. 3,689. The simple interest earned on investi...
A certain sum when invested for 3 years in a scheme offering simple interest of 16% p.a. gives an interest of Rs. 1128. What is 160% of the sum invested?
What will be the amount if a sum of Rs. 6500 is placed at compound interest for 3 years while the rate of interest for the first, second and third years...
A total amount of Rs.39,800 is split among three siblings named 'Ajay', 'Bijay', and 'Chetna'. 'Ajay' receives an amount that is in the ratio of 7:8 com...
Rohit made an investment that yielded a simple interest rate of r% per annum, allowing the principal to grow to 180% of its original amount in 5 years. ...
- Rohit invests Rs. 7,500 on compound interest at 10% p.a. (compounded annually) for 2 years and Rs. 6,400 on simple interest at 12% p.a. for 4 years. Find t...
Simple interest and compound interest (compounded annually) earned on a sum at the end of 2 years at a certain rate of interest p.a. are Rs. 2560 and Rs...
At what % of simple interest per annum will Rs. 320 amount to Rs. 480 in five years?
A certain amount earns simple interest of Rs. 1520 after 5 years. Had the interest been 6% more, how much more interest would it have earned?
Rs. 7000 is invested in scheme ‘A’ for 2 years and Rs. 5000 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 15% ...
Relevant for Exams:
