Find S.I on Rs. 3000 at 18% per annum for period from 4th Feb to 18th April 1995.
Rs. 100
Rs. 104
Rs. 108
Rs. 110
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
The formula for calculating simple interest is
i = p × r
i = p × n
i = p × n × r
i = p × n × r/100
Rs. 800 amounts to Rs. 920 in 3 years at S.I. If the interest rate is increased by 3%, it would amount to how much?
Rs. 900
Rs. 960
Rs. 992
Rs. 1000
The S.I on a certain sum for 3 years at 14 % per annum is Rs.235.20 .The sum is
Rs. 480
Rs. 560
Rs. 650
Rs. 720
Arun invested a certain sum of money at 8% per annum simple interest for 'n' years. At the end of 'n' years, Arun got back 4 times his original investment. What is the value of n?
50 years
25 years
12 years
37 years 6 months
A sum was put at S.I 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.
Rs. 3000
Rs. 5000
Rs. 4000
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%
When we borrow things from other people we have to pay some money for using it. This is called
Rent
Interest
Loan
None of these