The principal which gives ₹ 1 interest per day at a rate of 5% simple interest per annum is
₹ 5000
₹ 7300
₹ 36500
₹ 36500
B.
₹ 7300
100 SI = P x R x T 100 x 1 = P x 5 x (1/365)
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2.
A shopkeeper sold an item at 10% loss after giving a discount equal to half of the marked price. Then the cost of price is
C.
Let the marked price be Rs. 100 Discount = 50% on 100 = Rs. 50 S.P.(Selling Price) = Rs. (100 - 50) = Rs
50 Now,
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3.
A sum of Rs. 4000 is lent out in two parts, one at 8% simple interest and the other at 10% simple interest. If the annual interest is Rs. 352. The sum lent at 8% is
Rs. 2900
Rs. 2200
Rs. 2400
Rs. 2400
C.
Rs. 2400
By Shortcut Method: Required solution = 8% on 4000
= Rs.320 = 10% on 4000 = Rs.400 Now, Rs (352 - 320) = Rs 32 ...(i) Rs (400 - 352) = Rs. 48 ...(ii) Take the opposite ratios from equation (i) and (ii), i.e. Rs .48 : Rs 32
3 : 2 Thus, Sum lent at 8% is
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4.
If the difference of the compound interest and the simple interest on a sum of money for 3 years is Rs. 186. Find the sum of money, if the rate of interest in both case be 10%.
Rs. 5500
Rs. 7200
Rs. 6500
Rs. 6500
D.
Rs. 6500
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5.
If the simple interest on ₹ x at a rate of a% for m years is same as that on ₹ y at rate of a2% for m2 years, then x : y is
m : a
am : 1
B.
am : 1
According to
question
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6.
Prakash lends a part of ₹20,000 at 8% simple interest and remaining at
simple interest. His total income after a year was ₹ 800. Find the sum lent at 8%.
₹ 8,000
₹ 12,000
₹ 6,000
₹ 6,000
A.
₹ 8,000
Shortcut
Method: If he gives the whole amount of ₹ 20,000 at 8% simple interest, so, the interest would be (8% on ₹ 20,000)= ₹ 1600
If he gives the whole amount of ₹ 20,000 at
simple interest, so the interest would be
(
on ₹ 20,000) = ₹
The total income
given is ₹ 800 Now, Ratios of sum lent at 8% to sum lent at
Sum lent at
8%:
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7.The simple interest on ₹2,000/- for 2 years at ₹75 per thousand per annum will be
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₹150/-₹300/-₹600/-₹600/-
B.
₹300/-
Required interest =
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8.
The ratio of the
principal and its yearly amount is 8 : 9. What is the rate of simple interest per annum?
12%
10%
10%
B.
Principal = 8x Amount = 9x Interest = 9x - 8x =
x
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9.
A sum of ₹
3,000/- yields an interest of ₹ 1,080/- at 12% per annum simple interest in how many years?
4 years
3 years
5 years
5 years
B.
3 years
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10.
Ram deposited a certain sum of money in a compound at 12% per annum simple interest for 4 yr and deposited equal amount in fixed deposit in a bank for 5 yr at 15% per annum simple interest. If the difference in the interest from two sources is ₹ 1350, then the sum deposited in each case is
₹ 4000
₹ 5000
₹ 6500
₹ 6500
B.
₹ 5000
Let the principal amount is ₹P. According to the question,
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What will be the compound interest on rupees 2000 for 2 years at 10% per annum?
2000=Rs.420. Was this answer helpful?
What will be the compound interest on 2000 for 2 years?
∴ The compound interest on Rs 2,000 for 2 years at 3% p.a. is Rs.121.80.
What will be the interest on 2000 at the rate 10 for 3 year?
What is the compound interest on Rs 2000 for two years at 5% interest per annum for the first year and at 10% interest per annum for the 2nd year?
Hence the compound interest that needs to be paid after two year will be equal to Rs 205. Note: The interest rate for the first year in compound interest is the same as that in case of simple interest, Other than the first year, the interest compounded annually is always greater than that in case of simple interest.
