If a sum of money becomes 7/6 of itself in 3 years at R% p.a. simple interest. Find the rate of interest.
Options:
50/9%
59/9%
62/9%
67/9%
Alice lent $5000 to Bob and $3000 to Eve for 4 years on simple interest at the same rate. She received $2200 after 4 years in all from both of them as interest. What is the rate of interest per annum?
10%
11%
12%
13%
The difference between the simple interest earned from two different sources on $1500 for 3 years is $13.50. What is the difference between their rate of interest?
0.1%
0.2%
0.3%
0.4%
(1500 x R1 x 3)/100 - (1500 x R2 x 3)/100 = 13.50
If the annual rate of interest declined from 8% to 31/4% and the income diminished by Rs. 61.50 then what was the capital?
23,600
24,600
25,600
26,600
Vijay invested Rs. 100,000 in two types of shares. The first investment yields an interest of 9% p.a. and the second 11% p.a.
If the total interest at the end of 1 year is 39/4% then the amount invested in each share was?
62,500 and 37,500
82,500 and 17,500
52,500 and 47,500
72,500 and 27,500
Tom invested an amount of INR 13,900 divided into two schemes S1 and S2 at simple interest of 14% p.a. and 15% p.a. respectively.
If the total interest earned after 2 years is INR 3,508 then, find the amount invested in scheme S2.
6,400
6,500
6,600
6,700