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placed in several companies. yash mittal 2 years ago A. 4% B. 6% C. $$5\frac{2}{3}$$ % D. $$6\frac{2}{3}$$ % Solution(By Examveda Team)$$\eqalign{ & {\text{Let principal = 5 units}} \cr & {\text{Hence interest}} \cr & {\text{ = 5}} \times \frac{2}{5} \cr & {\text{ = 2 units}} \cr & {\text{Time = 10 years}} \cr & {\text{By using formula, }} \cr & {\text{Rate% = }}\frac{2}{5} \times \frac{{100}}{{10}} \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,{\text{ = 4% }} \cr} $$
► MCQ Exam ON : Simple Interest
At what rate percent per annum will the simple interest on a sum of money be 2/5 of the amount in 10 years?
(Complaint Here As Incorrect) Question Detail
Answer: Option D Explanation: Let sum = x Similar Questions : 1. At what rate percent per annum will the simple interest on a sum of money be 2/5 of the amount in 10 years
Answer: Option D Explanation: Let sum = x 2. A sum of money amounts to Rs 9800 after 5 years and Rs 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is
Answer: Option D Explanation: We can get SI of 3 years = 12005 - 9800 = 2205 SI for 5 years = (2205/3)*5 = 3675 [so that we can get principal amount after deducting SI] Principal = 12005 - 3675 = 6125 So Rate = (100*3675)/(6125*5) = 12% 3. Find the simple interest on Rs 7000 at 50/3 % for 9 months
Answer: Option C Explanation: \begin{aligned} [Please note that we have divided by 12 as we converted 9 months in a year format] 4. We have total amount Rs. 2379, now divide this amount in three parts so that their sum become equal after 2, 3 and 4 years respectively. If rate of interest is 5% per annum then first part will be ?
Answer: Option B Explanation: Lets assume that three parts are x, y
and z. From question we can conclude that, x + interest (on x) for 2 years = y + interest (on y) for 3 years = z + interest (on y) for 4 years \begin{aligned} \text{lets
assume k = }\frac{11x}{10} = \frac{23y}{20} = \frac{6z}{5} \\ 5. There was simple interest of Rs. 4016.25 on a principal amount at the rate of 9%p.a. in 5 years. Find the principal amount
Answer: Option B Explanation: \begin{aligned} So by putting values from our question we can get the answer \begin{aligned} Read more from - Simple Interest Questions Answers At what rate percent per annum simple interest will a sum of money be 2 5?or r=520=4%
At what rate percent per annum will a sum of money becomes 5 by 4 of itself in 10 years?The rate of interest per annum is 25%.
At what rate percent per annum simple interest will a sum double itself in 10 years?Hence the required rate in which the sum becomes double itself in 10 years is 10%.
How long will it take a sum of money invested at 5% per annum simple interest to increase its value by 40%?Thus, it will take 8 years.
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