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.6000
Rs. 5000
Rs. 4000
The formula for calculating simple interest is
i = p × r
i = p × n
i = p × n × r
i = p × n × r/100
If x, y, z are three sums of money such that y is the simple interest on x, z is the simple interest on y for same time and at same rate of interest, then
y * y = xz
x * y = z
x * z = y
x * x = yz
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
A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9% per annum in 5 years. What is the sum?
Rs. 4462.50
Rs. 8032.50
Rs. 8900
Rs. 8925
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
In how many years will a sum of money becomes double at 10% annum.
20 years
18 years
15 years
12 years
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
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%
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