The amount to be paid, when principal = ₹ 2,000/-, Rate of simple interest (R) = 5%, T = 2 years, is
The rate of simple interest per annum at which a sum of money double itself in , is:
4%
5%
6%
6%
The sum of money that will yield ₹ 60/- as simple interest at 6% per annum in 5 years is
₹ 200/-
₹ 225/-
₹ 175/-
₹ 175/-
If a sum of money double itself in 8 years, then the interest rate in percentage is
10%
Alipta got some amount of money from her father. In how many years will the ratio of the money and the interest obtained from it be 10 : 3 at 6% simple interest per annum?
7 years
3 years
5 years
4 years
A money lender lends â¹ 400/- for 3 years to a person and lends â¹ 500/- for 4 years to the other person at the same rate of simple interest. If altogether he receives â¹ 160/- as interest, what is the rate of interest per annum?
5%
7%
9%
10%
The simple interest on a certain sum of money at the rate of 5% per annum for 8 years is â¹ 840/-. Rate of interest for which the same amount of interest can be received on the same sum after 5 years is
7%
8%
9%
10%
If the simple interest on Rs 1/- for 1 month is 1 paisa, then the rate percent per annum will be:
10%
8%
12%
6%
What annual payment will discharge a debt of ₹ 6450 due in 4 yr at 5% per annum simple interest?
₹ 1400
₹ 1500
₹ 1550
₹ 1600
B.
₹ 1500
Shortcut Method:
A = ₹ 6450 , t = 4 yr, r = 5%
∴ Required annual payment: