What sum of money lent for 3 years at 4\% a year will 392?
Step-by-step explanation: So,if someone lent 3266.67 rupees on 4\% for 3 years the interest earned is rs 392. Hope it helps you.
What is the sum if a sum of money at simple interest amounts to Rs 815 in 3 years and to Rs 854 in 4 years?
A sum of money at simple interest amounts to 815 in 3 years and to 854 in 4 years. Interest for 1 year = 854-815= Rs 39.
How do you find the sum and interest rate?
Simple interest is a method to calculate the amount of interest charged on a sum at a given rate and for a given period of time….Simple Interest Example:
| Simple Interest | |
|---|---|
| 1 Year | S.I = (1000 ×5 × 1)/100 = 50 |
| 2 Year | S.I = (1000 × 5 × 2)/100 = 100 |
| 3 Year | S.I = (1000 ×5 × 3)/100 = 150 |
What sum of money amounts to Rs 2200 in 2 years and to Rs 2300 in 3 years at a fixed rate of simple interest?
Detailed Solution. ∴ The sum is Rs 2000.
What is the sum of money in simple interest?
Therefore, simple interest in one year is the difference between the given amounts. So simple interest for three years will be thrice the interest in one year. Now, amount = principal + interest. So initial sum = amount after 3 years – interest for 3 years.
What is the sum in simple interest?
Simple Interest is the interest calculated on the Principal amount, rather than being calculated on cumulative amount. Simple Interest, SI = P x R x T / 100, where P is the principal, R is the rate of interest per unit time period and T is the time period. Final Amount = Principal + SI.
How is interest per annum calculated?
Calculating Per Annum Interest
- To calculate a monthly interest payment based on a per annum interest rate, multiply the principal basis for the loan by the annual interest rate.
- Divide the annual interest amount by 12 to calculate the amount of your per annum interest payment that is due each month.
How do you find annual interest rate?
The formula and calculations are as follows:
- Effective annual interest rate = (1 + (nominal rate / number of compounding periods)) ^ (number of compounding periods) – 1.
- For investment A, this would be: 10.47\% = (1 + (10\% / 12)) ^ 12 – 1.
- And for investment B, it would be: 10.36\% = (1 + (10.1\% / 2)) ^ 2 – 1.
At which sum will the simple interest at the rate of 15/4 per annum be rupees 210 in 7 3 years?
The value of sum invested is Rs 24000. From the question, R = 15/4\% p.a, T = 7/3 years and SI is Rs 210.
At what rate of Si a certain sum will be doubled in 15 years?
6.66 \% per year.
What is a sum of money?
Definitions of sum of money. a quantity of money. synonyms: amount, amount of money, sum.
What is the ratio of simple interest earned by certain amount?
Solution(By Examveda Team) Let the principal be P and rate of interest be R\%. =P×R×6100P×R×9100=6PR6PR=69=2:3.
How much money is lent out for a sum of 1500?
A sum of Rs.1500 is lent out into 2 parts, one at 10\% and another one at 6\%. If the total annual income is Rs.100, Find the money lent at each rate
What interest does Arjun lend to Bala?
Arjun took a certain sum as loan from Bank at a rate of 10\% simple interest per annum. Arjun lends the same amount to Bala at 14\% simple interest per annum. If at the end of five years.
How much money did Sankar borrow from the government?
Sankar borrowed some money at the rate of 4\% pa for the first 4 years,6\% for the next 3 years and 7\% for the next 10 years.If the total interest paid by him is Rs.8528,how much money did he borrow? A sum of money trebles itself in 16 years.In how many years it would become double itself in how many years?
How much amount Babu takes a loan at 5\% simple interest?
Babu takes a loan Rs.2000 at 5\% simple interest.He returns Rs.1000 at the end of 1 year.How much amount he should pay to clear the due in 2 years.