Question
A man borrowed Rs 200 and promised to pay back in 11 equal instalments of Rs 20 each. Find the rate of simple interest per annum?
More Simple and compound interest Questions
- If ₹15,600 is invested at a simple interest rate of (a + 12)% per annum and doubles in value over 5 years, determine the value of 'a'.
- A sum of money amounts to Rs 6050 in 2 years and Rs 6655 in 3 years at compound interest, interest being compounded annually. What is the rate of interest ...
- The interest received on investing Rs. (3p + 1000) on simple interest at 12% p.a. for 5 years is Rs. (1.2p + 1200). Find the ratio (p + 200) :(p + 1000)
- Rs.700 amounts to Rs.742 in 2 years at a certain rate. If interest rate is increased by 2%, then what will be the new interest?
- The interest received on investing Rs. (8p + 400) on simple interest at 5% p.a. for 8 years is Rs. (3p + 240). Find the ratio (p + 100) :(p + 600)
- A certain sum at CI amounts to Rs 1800 in 3 yr and to Rs 2700 in 6 yr. Then the sum is ?
- A person deposited a sum at simple interest. The amount after 5 years turned out to be (110/88) times of the amount he got in 3 years. Find the rate of int...
- The interest received on investing Rs. 6,000 for 5 years at simple interest of 'm%' p.a. is Rs. 6,000. Find the total amount received on investing Rs. 3,00...
- A man invested Rs. 20,000 at simple interest of 10% p.a. If he had instead invested the same sum on compound interest of 10% p.a., compounded annually, the...
- Scheme A provides an interest rate of R% compounded annually, while Scheme B offers simple interest at the same rate. Anoop has invested Rs. 1200 in both s...
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt