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Simple Interest
1. Find the simple interest on Rs 730 for 184 days at 25/4 % per annum.
2. Find the simple interest on Rs 4660 for 5 years at 7/2 % per annum.
3. The interest on a certain amount of money at 8 % per year for a period of 4 years is Rs 512 . Find the sum of money.
4. Simple Interest on Rs 972 at 14 % per annum for a certain time is Rs 476.28 . Find the time ?
5. Simple Interest on Rs 972 at a certain rate % per annum for 3.5 years is Rs 476.28 . Find the rate ?
6. A sum of money lent at simple interest amounts to Rs 1008 in 2 years and to 1112 in 3 years.Find the sum & the rate of intere ...
7. What sum of money lent out at simple interest at 9 % p.a. for 3/2 years will produce the same interest as Rs 2250 lent at 6 % ...
8. A man puts out Rs 500 for 4 years on simple interest and Rs 600 for 3 years. The total interest he receives is Rs 190 . What ...
9. A sum was put at simple interest at a certain rate for 2 years. Had it been put at 3 % higher rate, it whould have fetched Rs ...
10. Divide Rs 16875 into two parts such that the interest at 7/2 % p.a. for 2 years on one part is equal to the other at 4 % p.a. ...
11. A shopkeeper borrowed Rs 20000 from two money lendeRs For one loan he paid 12 % and for the other 14 % per annum. After 1 yea ...
12. At what rate percent per annum will sum of money double in 8 years?
13. Rajeev deposited money in the post office which is doubled in 20 years at a simple rate of interest. In how many years will t ...
Problem 8 of 13
8. A man puts out Rs
for
years on simple interest and Rs
for
years. The total interest he receives is Rs
. What is the rate percent per annum?
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Simple Interest
8. A man puts out Rs 500 for 4 years on simple interest and Rs 600 for 3 years. The total interest he receives is Rs 190 . What is the rate percent per annum?
Let the rate(`R`) % per annum = `X`
`SI` on Rs `500 = (P*R*N)/100 = (500 * X * 4) / 100 = 20 X`
`SI` on Rs `600 = (P*R*N)/100 = (600 * X * 3) / 100 = 18 X`
Total `SI` = Rs `190`
`20 X + 18 X = 190`
`38 X = 190`
`X = 190 / 38 = 5`
Rate is `5` %
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