At which sum the simple interest at the rate of $$3\frac{3}{4}$$ % per annum will be Rs. 210 in $$2\frac{1}{3}$$ years?
A. Rs. 1580
B. Rs. 2400
C. Rs. 2800
D. None of these
Answer: Option B
Solution(By Examveda Team)
$$\eqalign{ & {\text{S}}{\text{.I}}{\text{.}} = {\text{Rs}}{\text{. 210}} \cr & {\text{R}} = 3\frac{3}{4}\% = \frac{{15}}{4}\% \cr & {\text{T}} = {\text{2}}\frac{{\text{1}}}{{\text{3}}}{\text{years}} = \frac{7}{3}{\text{years}} \cr & \therefore {\text{Sum}} = {\text{Rs}}{\text{.}}\left( {\frac{{100 \times 210}}{{\frac{{15}}{4} \times \frac{7}{3}}}} \right) \cr & = {\text{Rs}}{\text{.}}\left( {\frac{{100 \times 210 \times 4 \times 3}}{{15 \times 7}}} \right) \cr & = {\text{Rs}}{\text{. }}2400 \cr} $$Related Questions on Interest
Find the simple interest on Rs. 5200 for 2 years at 6% per annum.
A. Rs. 450
B. Rs. 524
C. Rs. 600
D. Rs. 624
Rs. 1200 is lent out at 5% per annum simple interest for 3 years. Find the amount after 3 years.
A. Rs. 1380
B. Rs. 1290
C. Rs. 1470
D. Rs.1200
E. Rs. 1240
Interest obtained on a sum of Rs. 5000 for 3 years is Rs. 1500. Find the rate percent.
A. 8%
B. 9%
C. 10%
D. 11%
E. 12%
Rs. 2100 is lent at compound interest of 5% per annum for 2 years. Find the amount after two years.
A. Rs. 2300
B. Rs. 2315.25
C. Rs. 2310
D. Rs. 2320
E. None of these
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