Simple interest on Rs. 625 at 6 1/2 % per annum for 2 1/2 years is
Rs. 101
Rs. 101.56
Rs. 102
Rs. 102.56
Simple interest on Rs. 700 at 9% per annum for the period from 5th February 1984 to 18th April, 1984
Rs. 12.50
Rs. 12.60
Rs. 12.75
None of these
The simple interest on Rs. 500 for 6 years at 5% P.a is
Rs. 250
Rs. 150
Rs. 140
Rs. 120
The additional money paid by the borrower for having used the lender money is called __________
Principal
Interest
Simple interest
none of these
If 1 Re. produces Rs. 9 as interest in 60 years at simple interest, the rate percent is
30
15
13 1/3
9
Let principal = Rs P,Time = T years and Rate = R% per annum -Then Simple Interest(SI) is _____________
S.I = P*R*T /100
SI = 100p/R*T
SI = 100/P*R*T
None
__________= Principal+Interest
SI
Amount
Rate percent per annum
At what rate percent per annum simple interest will a sum double itself in 8 years 4 months.
12%
11%
10%
13%
If the interest is calculated uniformly on the original principal throughout the loan period,then the interest is called __________
The simple interest on a sum of money is (1/9) of the principal and the number of years is equal to the rate percent per annum. The rate percent per annum is
3
1/3
3 1/3
3/10