A sum of Rs. 7500 amounts to Rs. 9075 at 10% p.a, interest being compounded yearly in a certain time. The simple interest (in Rs.) on the same sum for the same time and the same rate is:This question was previously asked in Show
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Answer (Detailed Solution Below)Option 1 : 1500 Free SSC GD Previous Paper 2 (Held On: 13 Feb 2019 Shift 1)_Hindi 100 Questions 100 Marks 90 Mins Given: A = 9075 P = 7500 R = 10% Formula used: A = P(1 + r/100)n SI = (P × R × T)/100 where, A = Amount P = Principal r = Rate of Interest n = number of years SI = Simple Interest Calculation: A = P (1 + r/100)n ⇒ 9075 = 7500( 1 + 10/100)T ⇒ 9075/7500 = (1 + 1/10)T ⇒ 121/100 = (11/10)T ⇒ (11/10)2 = (11/10)T ⇒T = 2 years Now, P = 7500 R = 10% T = 2 years SI = P × R × T/100 ⇒ (7500 × 10 × 2)/100 ⇒ 1500 ∴ The simple interest is 1500 Let's discuss the concepts related to Interest and Simple and Compound Both. Explore more from Quantitative Aptitude here. Learn now!
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What rate per cent per annum will a sum of 7500 give 927 as compound interest in two years?answer is 6%p.a.
At what rate percent will the interest on Rupees 7500 be rupees 1500 in 4 years what will be the amount after 8 years?Answer. Your answer is: Rate percent will be 5%and the amount after 8 yrs will be Rs. 9000.
At what rate percent per annum will rupees 7200 amount to rupees 7938 in 1 year if interest is compounded half yearly?7200 to Rs. 7938 at 10% per annum when compounded half-yearly. No worries!
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At what rate per cent per annum will a sum of 7500 amount to 8427 in 2 years compounded annually a 4% B 5% C 6% D 8%?
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