At what rate of compound interest a sum amount to Rs 672 in 2 years and to Rs 714 in 3 years when the interest is payable annually?
MohammedGuys, does anyone know the answer? Show
get amounts at the end of 2 yrs and 3 yrs are rs. 1170 and rs. 1305 on a certain sum, at a certain rate of simple interest. find the rate of interest. from screen. The compound interest, calculated yearly on a certain sum of money for the second year is Rs. 1320 and for the third year is Rs. 1452 . Calculate the rate of interest ad the original sum of money (in Rs. ).Click here👆to get an answer to your question ✍️ The compound interest, calculated yearly on a certain sum of money for the second year is Rs. 1320 and for the third year is Rs. 1452 . Calculate the rate of interest ad the original sum of money (in Rs. ).  Question The compound interest, calculated yearly on a certain sum of money for the second year is Rs. 1320 and for the third year is Rs. 1452. Calculate the rate of interest ad the original sum of money (in Rs.).Medium Open in App Solution Verified by Toppr Correct option is A) C.I. for the third year = Rs. 1,452. C.I. for the second year = Rs. 1,320 ∴ S.I on Rs. 1,320 for one year = Rs. 1,452− Rs. 1,320= Rs. 132. Rate of interest = 1,320 132×100 =10%. Let the original money be Rs. P. Amount after 2 year − amount after one year =C.I. for second year. P(1+ 100 10 ) 2 −P(1+ 100 10 )=1,320 P[( 100 110 ) 2 − 100 110 ]=1,320 ⇒P[( 10 11 ) 2 − 10 11 ]=1,320⇒P( 100 121 − 10 11 )= Rs. 1,320 ⇒P× 100 11 =Rs.1,320⇒P= 11 1,320×100 = Rs. 12,000 ∴ Rate of interest =10% and Original sum of money = Rs. 12,000 Video Explanation Was this answer helpful? 47 5 स्रोत : www.toppr.com [Solved] A sum of money at Simple Interest amounts to Rs.2800 in 2 yeLet the sum be P The sum amounts to Rs. 2800 in 2 years and Rs. 3250 in 5 years. Simple interest for 3 years = 3250 – 2800 = Rs. 450 ⇒ Simple inte Home Quantitative Aptitude Interest Simple Interest Question Download Solution PDF A sum of money at Simple Interest amounts to Rs.2800 in 2 years and Rs.3250 in 5 years. Find the sum and the rate of interest.This question was previously asked in RRB JE Previous Paper 4 (Held On: 23 May 2019 Shift 2) Download PDF Attempt Online View all RRB JE Papers > Rs.3000 and 15% Rs.2000 and 5% Rs.2500 and 6% Rs.1000 and 10% Answer (Detailed Solution Below) Option 3 : Rs.2500 and 6% Free Tests View all Free tests > FREE Cell 5.3Lac Users 10 Questions 10 Marks 7 Mins Start Now Detailed Solution Download Solution PDF Let the sum be P The sum amounts to Rs. 2800 in 2 years and Rs. 3250 in 5 years. Simple interest for 3 years = 3250 – 2800 = Rs. 450 ⇒ Simple interest for 1 year = 450/3 = Rs. 150 ⇒ Simple interest for 2 years = 2 × 150 = Rs. 300 The sum P = 2800 – 300 = Rs. 2500 P = 2500, t = 1, SI = 150 and r = ? As we know, SI = Prt/100 ⇒ 150 = (2500 × r × 1)/100 ⇒ r = (150 × 100)/2500 ∴ r = 6% Download Solution PDF Share on Whatsapp Stay updated with the Quantitative Aptitude questions & answers with Testbook. Know more about Interest and ace the concept of Simple Interest. India’s #1 Learning Platform Start Complete Exam Preparation Daily Live MasterClasses Practice Question Bank Mock Tests & Quizzes Get Started for Free Download App Trusted by 2,91,27,513+ Students More Simple Interest QuestionsQ1. At what rate of interest per annum, simple interest on Rs. 2560 will be Rs. 1728 in 4 12 years. Q2. Out of a total sum of ₹5,000, Danish invested one part at 12% simple interest per annum and the remaining part at 10% simple interest per annum. If the total interest that accrued to Danish in two years equals ₹1072, what was the sum Danish invested at 12% simple interest per annum?Q3. The simple interest on a certain sum for 313 years at 15% p.a. is Rs. 1,840 less than the simple interest on the same sum for 512 years at 12% p.a. The sum is: Q4. The amount payable on maturity after 512 years on a sum of Rs. 4,750, when invested at a certain rate per cent of simple interest per annum, was Rs. 6,840. What was the per annum per cent rate of simple interest paid? Q5. A sum increases by 75% in 10 years at certain rate of simple interest per annum. By what percentage will the same sum increase in 6 years at the same rate of simple interest per annum?Q6. Rs. 10,000 invested with a nationalized bank, becomes Rs. 20,000 in just 11 years at r% rate of simple interest per annum. Which of the following represents r?Q7. A person borrowed ₹9,000 at 7%, ₹12,000 at 8% and ₹15,000 at 9% simple interest per annum. He had to pay ₹50,700 at the end of n years. What is the value of n?Q8. Prakriti has Rs. 12000 with her. She invested some amount in scheme R offering a SI of 15% pa and rest in scheme S offering a SI of 20% pa. If total interest received by her at the end of 3 years is Rs. 6600, then find the amount invested in scheme R.Q9. Naveen took two loans, altogether for Rs. 9,400, from Suman and Arya. Suman claimed 1212 % simple interest per annum, while Arya claimed 1012 % per annum. The total interest paid by Naveen in one year was Rs. 1,063. The sum borrowed from Arya is: Q10. A person borrows ₹ 75,000 for 3 years at 5% simple interest. He lends it to B at 7% for 3 years. What is his gain (in ₹)? More Interest QuestionsQ1. At what rate of interest per annum, simple interest on Rs. 2560 will be Rs. 1728 in 4 12 years. Q2. If the difference between compound interest and simple interest on some principal amount at 20% for 3 years is Rs 64 , then the principal amount is -Q3. In how many years will a sum of 800 at 10% per annum compounded semi annually become 926.10?Q4. The difference between the interest payable on a sum invested for three years at 20% compound interest per annum compounded annually and 20% simple interest per annum for the same period is ₹448. What is the value of the sum invested?Q5. Out of a total sum of ₹5,000, Danish invested one part at 12% simple interest per annum and the remaining part at 10% simple interest per annum. If the total interest that accrued to Danish in two years equals ₹1072, what was the sum Danish invested at 12% simple interest per annum?Q6. The simple interest on a certain sum for 313 years at 15% p.a. is Rs. 1,840 less than the simple interest on the same sum for 512 years at 12% p.a. The sum is: Q7. A certain sum is invested on compound interest at 18% per annum for 1 year 4 months, the interest being compounded 8-monthly. If the compound interest is Rs. 3,816, then find the sum (in Rs.).Q8. The amount payable on maturity after 512 years on a sum of Rs. 4,750, when invested at a certain rate per cent of simple interest per annum, was Rs. 6,840. What was the per annum per cent rate of simple interest paid? Q9. A sum of Rs. 7800 amounts to Rs. 10381.80 at x% p.a. in 2 years when the interest is compounded 8-monthly. What will be the compound interest on the same sum at (x + 5)% p.a. in one year, if the interest is compounded half yearly? स्रोत : testbook.com A certain sum amounts to Rs.7350 in 2 years and to Rs.8575 in 3 years.find the sum and rate percent?Answer (1 of 2): Assuming it is simple interest 8375 -7350 = Rs1225 Sum = 7350 - 1225 -1225 = Rs 4900 ANSWER Rate = 1225/4900 x100 = 25% ANSWER Assuming it is compound interest Rate = 1225/7350 x 100 = 16.67% 7350 = P ( 1+ 16.67/100)^2 P = RS 5400 ANSWER A certain sum amounts to Rs.7350 in 2 years and to Rs.8575 in 3 years.find the sum and rate percent? Ad by Amazon Web Services (AWS) Looking to easily host your websites? Try AWS for free. Lightsail is ideal for simpler workloads, quick deployments, & getting started. 30-day free trial today. Sort Ranjan Karnad Former Retired Banker (1972–2000)Author has 5.3K answers and 1.8M answer views1y Assuming it is simple interest 8375 -7350 = Rs1225 Sum = 7350 - 1225 -1225 = Rs 4900 ANSWER Rate = 1225/4900 x100 = 25% ANSWER Assuming it is compound interest Rate = 1225/7350 x 100 = 16.67% 7350 = P ( 1+ 16.67/100)^2 P = RS 5400 ANSWER Related questions If the sum at S.I. becomes Rs. 720 in 2 years and Rs. 900 in 5 years, what is the sum and rate of interest? A certain amount becomes Rs. 5760 in 2 years and Rs. 6912 in 3 years. What is the principal amount and the rate of interest? At what rate percent of interest will Rs. 800 amount to Rs. 896 in 3 years? If a certain sum of money amounts to Rs. 1008 in 2 years and to Rs.1164 in 7/2 years, how do you find the sum and the rate of interest? At what rate percent compound interest will Rs. 400 amount to Rs. 441 in 2 years? Sanchita Chowdhury Studied BSc in Statistics HonoursAuthor has 160 answers and 72.6K answer views3y Interest for 1 year is the same whether it's simple interest or the compound interest. Now interest of third year = 8575 - 7350 = 1225; means principal for this interest is 7350 if comound interest is takenIf 7350 is the principal interest = 1225 if 100 is the principal interest=(1225/7350)*100 =50/3% When a thing increases for two successive times the overall increase on initial amount = a + b + (a * b)/100 Therefore overall interest for two years = 50/3 + 50/3 + [(50/3)*(50/3)]/100 = 325/9 % Therefore amount after 2 years = 100 + 325/9 = 1225/9 If 1225/9 is the amount principal =100 if 7350 is the Sponsored by Aspose .NET Microsoft OneNote documents processing APIs. Create, manipulate and convert OneNote files to multiple formats using C# API. Seema Tamang Bachelor of Engineering from Visvesvaraya Technological University (Graduated 2020)2y Related If a certain sum of money amounts to Rs. 1008 in 2 years and to Rs.1164 in 7/2 years, how do you find the sum and the rate of interest? Interest in 1.5 years = Rs (1164–1008) =Rs 156 Therefore, interest in 1 year = 156/ 1.5 = Rs 104 which means the interest in 2 years = Rs 104*2 =Rs 208. Sum= amount in 2 years - interest in 2 years => sum= 1008- 208 Thus, sum is Rs 800. Rate= (interest * 100) / sum * time => rate = ( 208*100) /800*2 => rate = 208/16 = 13 Rate is 13%. Anand Prakash B.A in Mathematics & Hindi All Kinds, University of Delhi (Graduated 2000)Author has 2K answers and 414.5K answer views1y Related A certain sum amounts to Rs. 7,000 in 2 years and Rs. 8,500 in 3 years. What is the sum and rate percent? Let S=sum, Rate=r℅. 7000=S(1+r/100)^2…..(1). 8.500=S(1+r/100)^3…..(2). By (2)÷(1). (1+r/100)=85/70 =17/14. r/100=3/14. So, r=150/7 =21.42℅. From (1), 7000=S(1+0.21)^2. 7000=S*1.4641. So, S=7000/1.46=Rs4794.5 (Approx). Ujjwal Pushkarna 1y Related A sum of Rs. 8000 will amount to Rs. 8820 in 2 years if the interest is calculated every year. What is the rate of compound interest? Answer = 5% 5% of 8000rs = 400rs so next year amount will be 8400rs and interest on 8400rs is 5% of 8400 = 420rs So total amount after two years :- 8000+400+420 = 8820rs you can use this formula to find monthly compound interest. Image source : Google … (more) Kritika Kanwar( कृतिका कंवर) Former Student Author has 638 answers and 494.5K answer views2y Related What sum will amount to Rs 7400 in 3 years at 16% per annum? Principal = rs 5000 … (more) Sponsored by USAFIS This is the best time to apply for the Green Card DV Lottery! Get a chance to win and apply today! America is waiting for you with many amazing opportunities. NikhiL Kumar Gupta Bachelor from Anjabit Singh College Bikramganj Rohtas Bihar2y Related A sum of money amounts to Rs 6,690 after 3 years and to Rs 10,035 after 6 years on compound interest. What is the sum of money? Sidharthan Jayakumar 2y Related If the sum at S.I. becomes Rs. 720 in 2 years and Rs. 900 in 5 years, what is the sum and rate of interest? Padma 5y Related A sum of money becomes Rs 672 in 2 years and Rs 714 in 3 years, at the rate of comound interest. Find the rate of compound interest? Difference b/w 3rd yr interest n 2nd interest is 714 - 672 = 42 स्रोत : www.quora.com |
