In how many years will a sum of money becomes double at 10% annum.
20 years
18 years
15 years
12 years
Simple interest on a certain sum at a certain rate is 9/16 of the sum. If the number representing rate percent and time in years be equal, then the rate is
5%
6%
7%
7 1/2%
Interest rate is given in bank on _______ basis.
Monthly
Weekly
Annual
Quarterly
Ashok borrowed Rs.5000 from a bank in order to get a motor bike. He got the amount at an interest rate of 7% per annum with a 30 month term. What is the total amount he will have to pay back to the bank?
Rs.5000
Rs.5500
Rs.5875
Rs.6000
Manu invested a certain sum of money in a simple interest bond whose value grew to Rs. 300 at the end of 3 years and to Rs. 400 at the end of another 5 years. What was the rate of interest in which he invested his sum?
12%
12.5%
6.25%
8.33%
A man invested 1/3 of his capital at 7%, 1/4 at 8% and the remainder at 10%. If his annual income is Rs. 561, the capital is
Rs. 8000
Rs. 7250
Rs. 6600
Rs. 5000
The formula for calculating simple interest is
i = p × r
i = p × n
i = p × n × r
i = p × n × r/100
Find SI on Rs. 68000 at 16 2/3% per annum for 9 months.
Rs. 8100
Rs. 8500
Rs. 8750
Rs. 8900
A sum at simple interest at 13 1/2% per annum amounts to Rs. 2502.50 after 4 years find the sum.
Rs. 1600
Rs. 2750
Rs. 2100
Rs. 1625
How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?
3.5 years
4 years
4.5 years
5 years