The simple interest on Rs.500 at 6% per annum from May 3rd to July 15th in the same year is
Time from May 3rd to July 15th = 28 days of May + 30 days of June and 15 days of July
$\text{= 73 days= }\dfrac{73}{365}\text{ years = }\dfrac{1}{5}\text{ years}$
$\text{Simple interest = }\dfrac{\text{PRT}}{100}= \dfrac{500 \times 6 \times \dfrac{1}{5}}{100} =6$
|
A sum was put a simple interest at a certain rate for 2 years. Had it been put at 4% higher rate, it would have fetched Rs. 60 more. The sum is: |
Answer |
|
A sum of money becomes $\dfrac{7}{5}$ of itself in 4 years at a certain rate of simple interest. The rate per annum is : |
Answer |
|
If the simple interest on Rs. 2000 is less than the Simple Interest on Rs. 3000 at 5% by Rs. 50, find the time. |
Answer |
|
On May 30,2012 a businessman loans $15,000 in the bank for the expansion of his restaurant.it was agreed that he will pay the amount with 6% rate of interest on August 10,2012.what is the ordinary simple interest to be paid? |
Answer |
|
Louie borrowed $1800 from his aunt last December 25,2010.He promised that he will pay his aunt on February 14,2011 at 8% interest.Find the exact simple interest to be paid by Louie. |
Answer |
|
An employee loans $800 from the labor union and promised to pay the amount in 1 year .How much will he need to pay after 1 year if the interest rate is 15%? |
Answer |
|
At what rate percent of simple interest will a sum of money double itself in 20 years? |
Answer |
|
The simple interest on Rs. 1820 from March 9, 2003 to May 21, 2003 at 7 1⁄2% rate is |
Answer |
|
Arun borrowed a sum for 4 years on S.I. at 12%. The total interest paid was Rs. 360. Find the Principal. |
Answer |
|
The simple interest on Rs.500 at 6% per annum from May 3rd to July 15th in the same year is |
Answer |