How much interest can a person get on Rs. 8200 at 17.5% p.a. simple interest for a period of two years and six months?
A). Rs. 3770
B). Rs. 2850.50
C). Rs. 3587.50
D). 3750
Rs. 3587.50
I = (8200 * 2.5 * 17.5)/100 = (8200 * 5 * 35)/(100 * 2 * 2) = Rs. 3587.50
1. A sum of money at simple interest amounts to Rs. 900 in 3 years and to Rs. 954 in 4 years.
7. What is the interest due after 40 days for Rs. 3200 at 10%
8. What annual payment will discharge a debt of Rs. 8480 in 8 yrs at 8% per annum?
10. What sum of money will amount to Rs.520 in 5 years and to Rs.568 in 7 years at simple interest