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Answer (Detailed Solution Below)Option 3 : 75 Given Principle = 2500 Rate = 5% Time = 219 days Formula SI = P × R × T/100 Calculation Time = 219 days = 219/365 years = 3/5 years SI = [2500 × 5 × (3/5)]/100 ⇒ 25 × 3 ⇒ 75 ∴ The simple interest is 75. Stay updated with the Quantitative Aptitude questions & answers with Testbook. Know more about Interest and ace the concept of Simple Interest. A sum of money at some rate of simple interest amounts to Rs. 2500 in 5 years and Rs. 3500 in 10 years. Find the principal and simple interest of 2 years if the rate of interest is double.
Answer (Detailed Solution Below)Option 1 : 1500 and 800 Free January Month Current Affair (1st Jan - 15th Jan) 30 Questions 30 Marks 30 Mins Given: A sum of money at some rate of simple interest amounts to Rs. 2500 in 5 years and Rs. 3500 in 10 years Formula Used: Amount = Principal + Simple interest Calculation: Amounts to Rs. 2500 to 5 years to Rs. 3500 in 10 years Simple interest for 5 years = 3500 – 2500 = 1000 Rs Amount = Principal + simple interest of 5 years 2500 = P + 1000 P = 2500 – 1000 = 1500 Simple interest of 5 years = 1000 Simple interest of 1 years = 1000/5 = 200 Simple interest of 2 years = 200 × 2 = 400 Simple interest of 2 years if the rate of interest is double = 400 × 2 = 800 ∴ The principal is 1500 and the simple interest for 2 years is 800. Last updated on Nov 4, 2022 SSC CHSL 2022 notification will be released on 6th December 2022. Earlier, the notification was scheduled to be released on 5th November 2022. Candidates can log in to their profiles and check individual marks between 26th November 2022 to 16th November 2022. The SSC is going to release the SSC CHSL notification on 6th December 2022 as declared by SSC. Candidates who have completed Higher Secondary (10+2) can appear for this exam for recruitment to various posts like Postal Assistant, Lower Divisional Clerks, Court Clerk, Sorting Assistants, Data Entry Operators, etc. The SSC Selection Process consists of Computer Based Exam, Descriptive Test and Typing/Skill Test. Recently, the board has released the SSC CHSL Skill Test Result for the 2020 cycle. The candidates who are qualified are eligible to attend the document verification. Stay updated with the Quantitative Aptitude questions & answers with Testbook. Know more about Interest and ace the concept of Simple Interest.
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In what time will rupees 2500 amount to rupees 3000 at 8% per annum?Thus, in 7 years and 3 months the simple interest on Rs 2500 at the rate of 8% per annum be the same as the simple interest on Rs 3000 at the rate of 9.75% per annum for 5 years. Therefore, the time taken for the both the simple interest to be same is 7 years and 3 months.
What is the simple interest on 2000 Rs for 2 years?Detailed Solution. ∴ Simple interest is Rs 200.
What is the simple interest on 1000 for 3 years?Simple interest is the amount of interest charged on a sum for a given period of time and at a given rate. Simple interest can be calculated using the simple interest calculator. Thus, the simple interest on a loan of Rs 1,000 with 5 % interest after 3 years is Rs 150.
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What is the simple interest on Rs 2500 for 2 years at rate of interest 4% per annum?
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