In what will Rs 8000 at 3 per annum produce the same interest as RS 6000 does in 5 years at 4 simple interest?
Table of Contents
- 1 In what will Rs 8000 at 3 per annum produce the same interest as RS 6000 does in 5 years at 4 simple interest?
- 2 In what time will Rs 10500 at 3\% per annum simple interest produce the same interest as RS 6000 does in 2 years at 10\% compound interest?
- 3 How do you calculate simple interest example?
- 4 In what time Rs 1200 will become Rs 1344 at 6\% per annum?
- 5 How long will it take a sum of money to double itself at 8\% per annum compound interest?
- 6 In what time will the sum of money double itself at 8\% per annum?
- 7 How do you calculate interest per year?
- 8 At what rate percent per annum will Rs 1200 amount to Rs 1440 in 4 years?
In what will Rs 8000 at 3 per annum produce the same interest as RS 6000 does in 5 years at 4 simple interest?
8000, at 3\% per annum, produce the same interest as Rs. 6000 does in 5 years at 4\% simple interest is? 920 in 3 years at the simple interest rate. …
In what time will Rs 10500 at 3\% per annum simple interest produce the same interest as RS 6000 does in 2 years at 10\% compound interest?
It will take 4 years 10500 at 3\% per annum (simple interest), produce the same interest 6000 does in 2 years at 10\% compound interest
How long will an amount of money double at a simple interest rate of 2\% per annum?
50 years
Therefore, it will take 50 years to get the double amount at a simple interest rate 2 percent per annum.
How do you calculate simple interest example?
The formula for calculating simple interest is:
- (P x r x t) ÷ 100.
- (P x r x t) ÷ (100 x 12)
- FV = P x (1 + (r x t))
- Example 1: If you invest Rs.50,000 in a fixed deposit account for a period of 1 year at an interest rate of 8\%, then the simple interest earned will be:
In what time Rs 1200 will become Rs 1344 at 6\% per annum?
2 years
∴ Time (T) =100×IP×R=100×1441200×6=2 years.
How do you find the rate of interest?
Using the interest rate formula, we get the interest rate, which is the percentage of the principal amount, charged by the lender or bank to the borrower for the use of its assets or money for a specific time period. The interest rate formula is Interest Rate = (Simple Interest × 100)/(Principal × Time).
How long will it take a sum of money to double itself at 8\% per annum compound interest?
For example, if an investment scheme promises an 8\% annual compounded rate of return, it will take approximately nine years (72 / 8 = 9) to double the invested money.
In what time will the sum of money double itself at 8\% per annum?
Answer: 10 years. Formula : So, a sum of money double itself at 8\% p.a in 10 years.
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 calculate interest per year?
The principal amount is Rs 10,000, the rate of interest is 10\% and the number of years is six. You can calculate the simple interest as: A = 10,000 (1+0.1*6) = Rs 16,000. Interest = A – P = 16000 – 10000 = Rs 6,000.
At what rate percent per annum will Rs 1200 amount to Rs 1440 in 4 years?
∴ Rate (R) =100×IP×T=100×2401200×4=5\% per annum.