R

Ramakant wants to earn Rs. 1500 interest on his deposits. He plans to buy a sack of grains with the interest. He puts Rs. 5,000 into his account that earns 2.5% interest. How long will he need to leave his money in the account to earn this interest that would help him buy the sack of grains ?

August 18, 2021

1 Min Read

0 813

August 18, 2021

1 Min Read

0 813

Answer : C . 12 years

Simple Interest

Editor

Continue Reading

A

Alok deposits Rs.5000 in his bank account for 5 years to earn an interest of 12%. What amount will he get after 5 years ?

August 18, 2021

1 Min Read

0 129

August 18, 2021

1 Min Read

0 129

Answer : D . 8000

Simple Interest

Editor

Continue Reading

T

The simple interest earned on a certain amount is double the amount when invested for 10 years. What is the interest rate being offered ?

August 18, 2021

1 Min Read

0 356

August 18, 2021

1 Min Read

0 356

Answer : B. 20%

Simple Interest

Editor

Continue Reading

A

A certain sum of money amounts to Rs.1300 in 2 years and to Rs. 1525 in 3.5 years. Find the sum and the rate of interest ?

August 18, 2021

1 Min Read

0 321

August 18, 2021

1 Min Read

0 321

Answer : D. Rs 1000, 15%…

Simple Interest

Editor

Continue Reading

V

Vijay invested Rs.50,000 partly at 10% and partly at 15%. His total income after a year was Rs.7000. How much did he invest at the rate of 10% ?

August 17, 2021

1 Min Read

0 848

August 17, 2021

1 Min Read

0 848

Answer : A. 40,000…

Compound Interest

Editor

Continue Reading