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Asked: 2 years agoIn: Interest

In how many years will a sum of money double at 8% compound interest per annum?

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a) 7 years b) 8 years c) 9 years d) 10 years correct answer is: c) 9 years Explanation We can do this math using 2 methods – Using log formula:Let,Principal Rate % p.a.Time According to the question,Amount We know,Amount ...

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Asked: 2 years agoIn: Fraction

₹624 was distributed among A, B, C and D. If ‘A’ would receive ₹2 more, ‘B’ would receive ₹6 less, ‘C’ would receive 5 times of his money and ‘D’ would receive 1/4th of his money. How much money did each of them receive?

  • 0

a) ‘A’ ₹106, ‘B’ ₹198, ‘C’ ₹400 and ‘D’ ₹20 b) ‘A’ ₹98, ‘B’ ₹400, ‘C’ ₹20 and ‘D’ ₹106 c) ‘A’ ₹400, ‘B’ ₹20, ‘C’ ₹106 and ‘D’ ₹198 d) ‘A’ ₹98, ‘B’ ₹106, ‘C’ ₹20 and ‘D’ ...

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Science Sparkle
Asked: 2 years agoIn: Interest

At which sum will the simple interest at the rate of 3 ¾% per annum be ₹ 210 in 2 1/3 years.

  • 0

a) ₹ 1580 b) ₹ 2400 c) ₹ 2800 d) none of these. correct answer is: b) ₹ 2400 Explanation Here, ‘Sum’ means ‘Principal’.Rate % or %Time years or yearsSimple interest Let, Principal We ...

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Science Sparkle
Asked: 2 years agoIn: Interest

In how much time would the simple interest on a certain sum be 0.125 times the principal at 10% per annum?

  • 1

a) 1 ¼ years b) 1 ¾ years c) 2 ¼ years d) 2 ¾ years correct answer is: a) 1 ¼ years Explanation Here,Rate %Let, Principal Time yearsAccording to the question,Simple Interest is So that, S.I. ...

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Answer
Science Sparkle
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Science Sparkle
Asked: 2 years agoIn: Interest

A sum of ₹600 amounts to ₹720 in 4 years. What will it amount to if the rate of interest is increased by 2%?

  • 0

a) ₹ 724 b) ₹ 648 c) ₹ 768 d) ₹ 792 correct answer is: c) ₹ 768 Explanation Here,Principal [‘sum’ means ‘principal]Amounts Time yearsWe know, S.I. S.I. S.I. We also know, S.I. ...

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Science Sparkle
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Science Sparkle
Asked: 2 years agoIn: Interest

A borrows ₹8000 at 12% per annum simple interest and B borrows ₹9100 at 10% per annum simple interest. In how many years will their amounts be equal?

  • 0

a) 18 years b) 20 years c) 22 years d) 24 years correct answer is: c) 22 years Explanation Here,A’s principal A’s Rate % p.a.B’s principal B’s Rate % p.a.Let, Time yearsWe know, Amount Or, Amount ...

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Science Sparkle
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Science Sparkle
Asked: 2 years agoIn: Interest

The simple interest on a sum for 5 years is 2/5 of the sum. The rate percent per annum is?

  • 0

a) 10% b) 8% c) 6% d) 12 ½% correct answer is: b) 8% Explanation Actually here ‘Sum’ indicates ‘Principal’Let, Sum Rate % p.a.Time yearsSimple Interest or We know, S.I. According to the question, [cross multiply]% ...

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