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
Answer: Option D
Solution(By Examveda Team)
$$\eqalign{ & {\text{P = Principal}}\,{\text{Amount}} \cr & {\text{T = }}\,{\text{Time}}\,{\text{period}} \cr & {\text{R = Rate}}\,{\text{of}}\,{\text{Interest}} \cr & I = \frac{{P \times T \times R}}{{100}} \cr & I = \frac{{5200 \times 2 \times 6}}{{100}} \cr & I = 624. \cr} $$This Question Belongs to Arithmetic Ability >> Interest
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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
formula for simple interest is as shown below
SI=PA*IR*TP (Simple interest = Principal amount * Interest Rate * Time period )
so SI = 5'200 * 6/100 * 2 OR 5'200 * 6 * 2 / 100
= 6* 2 =12
= 5'200 * 12 = 62'400
= 62'400 /100
= 624
Therefore the answer is option D - 624 .
Please mention the simple formulas for simple interest as introduction of simple interest
An amount of Rs. 7800 is lent
at the beginning of a year at a certain rate of interest. After 54 months,an
additional sum of Rs. 4700 is lent at the rate 2.5 times the former. At the end
of seven years Rs. 5038.50 is earned as interest from both the loans. What was
the original rate of interest?
explain ptr
624
624