On a certain Principal if the Simple interest for two years is Rs. 2400 and Compound interest for the two years is Rs. 2544, what is the rate of Interest?
Rama invested in an insurance scheme under which money grows to 1331/1000 in three years at compounded annual basis. If Rama interested to triple his investment using same rate of interest but at simple interest rate basis, then find how time it will take?
1). 23 years
2). 17 years
3). 10 years
4). 5 years
Three amounts P, Q , R are such that Q is the simple interest on P and R is the simple interest on Q. If in all the case, rate of interest per annum and the time for which interest is calculated is the same, then relation between P, Q and R is
Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is
1). Rs. 1550
2). Rs. 1650
3). Rs. 1750
4). Rs. 2000
Anil lent a sum of money to Sunil at 8.25% per annum simple interest. Sunil lent the entire sum to Devi on the same day at 11.5% per annum simple interest. After a year Sunil earned a sum of Rs. 325 from the whole transaction. Find the sum of money lent by Anil to Sunil.
1). Rs. 10,000
2). Rs. 9,000
3). Rs. 10,200
4). Rs. 11000