Friday, April 03, 2015

Simple Interest Questions Solving 2nd April 2015

Question 1. What will be the simple interest earned on an amount of Rs. 16,800 in 9 months at the rate of 6.25% per annum?

Question 2. The simple interest on Rs. 1820 from March 9, 2003 to May 21, 2003 at 7.5% rate will be

Question 3. A person borrows Rs. 5000 for 2 years at 4% per annum simple interest. He immediately lends it to another person at 6.25 % per annum for 2 years. Find his gain in transaction per year.

Question 4. How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of Simple Interest?

Question 5. A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest.

1 comment:

  1. Dear Sir,
    Your answer is not correct in question number 3 as you have not taken 2 years into account. I have checked with others and also with basic procedure. Please check again.
    Also, Your videos are very simple to understand. I thank you for that.

    ReplyDelete

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