What is the rate of interest at which Rs.150 becomes Rs. 220 in 10 years.
A. 11/3%
B. 14/3%
C. 12%
D. 14%
Mathematics Mcqs
A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is :________?
A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is :________?
A. Rs. 700
B. Rs. 690
C. Rs. 650
D. Rs. 698
Simple Interest (SI) for 1 year = 854-815 = 39
Simple Interest (SI) for 3 years = 39 × 3 = 117
Principal = 815 – 117 = Rs.698
A sum was put at simple interest at a certain rate for 3 years. Had it been put at 2% higher rate, it would have fetched Rs 360 more. Find the sum.
A sum was put at simple interest at a certain rate for 3 years. Had it been put at 2% higher rate, it would have fetched Rs 360 more. Find the sum.
A. Rs.4000
B. Rs.9000
C. Rs.5000
D. Rs.6000
Let sum = P and original rate = R. Then
[(P * (R+2) * 3)/100] – [ (P * R * 3)/100] = 360
3P*(R+2) – 3PR = 36000
3PR + 6P – 3PR = 36000
6P = 36000
P = 6000
A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is:
A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is:
A. 5%
B. 8%
C. 12%
D. 15%
S.I. for 3 years = Rs. (12005 – 9800) = Rs. 2205.
S.I. for 5 years = Rs.[ (2205/3) x 5 ] = Rs.3675
Principle = Rs.(9800-3675) = Rs.6125
Rate=12%
A sum of Rs. 2500 amounts to Rs. 3875 in 4 years at the rate of simple interest. What is the rate of interest?
A sum of Rs. 2500 amounts to Rs. 3875 in 4 years at the rate of simple interest. What is the rate of interest?
A. 12.25%
B. 12%
C. 6%
D. 13.75%
Simple Interest, SI = (3875 – 2500) = Rs.1375
Principal, P = Rs. 2500
Time, T = 4 years
R = ?
R=100×SI/PT=100×13752/500×4
=100×1375/10000=13.75%
A sum of money becomes 7⁄5 of itself in 4 years at a certain rate of simple interest. The rate per annum is :
A sum of money becomes 7⁄5 of itself in 4 years at a certain rate of simple interest. The rate per annum is :
A. 9%
B. 10%
C. 11%
D. 12%
If there is a total of 104 weekly instalments and a third deposit, find the interest charged
If there is a total of 104 weekly instalments and a third deposit, find the interest charged
A. 237.55
B. 337
C. 443
D. 334
Cash price = $3695
Deposit =1/3 of $3695
= $1231.67
Loan amount = $3695.00 − $1231.67
= $2463.33
Total cost of loan = $25.97 × 104
= $2700.88
Interest charged = total amount − loan
I = A − P
= 2700.88 − 2463.33
= 237.55
What annual installment will discharge a debt of Rs 1092 due in 3 years at 12% simple interest?
What annual installment will discharge a debt of Rs 1092 due in 3 years at 12% simple interest?
A. Rs.325
B. Rs.545
C. Rs.560
D. Rs.550
If the simple interest on a certain sum of money after 3 1⁄8 years is 1⁄4 of the principal, what is the rate of interest per annum?
If the simple interest on a certain sum of money after 3 1⁄8 years is 1⁄4 of the principal, what is the rate of interest per annum?
A. 6%
B. 4%
C. 8%
D. 12%
How much time will it take for an amount of Rs. 900 to yield Rs. 81 as interest at 4.5% per annum of simple interest?
How much time will it take for an amount of Rs. 900 to yield Rs. 81 as interest at 4.5% per annum of simple interest?
A. 2 years
B. 3 years
C. 1 year
D. 4 years
P = Rs.900
SI = Rs.81
T = ?
R = 4.5%
T=100×SI/PR =100*81/900*4.5 =2 years