Find the simple interest (in ₹) if a sum of ₹550 is borrowed for 2.5 years at 20% per annum rate of interest.
275
Simple Interest = (P × R × T)/100 = (550 × 20 × 2.5)/100 = 27500/100 = ₹275.
Hence, the simple interest is ₹275.
Similar Questions
Find the simple interest (in ₹) on ₹2,000 at 7% per annum rate of interest for the period from 3 February 2023 to 17 April 2023.
A person borrowed an amount of ₹15 lakhs at a simple interest rate of 7% per annum for 5 years. If he wants to pay the total amount in equal monthly installments, then find the monthly installment.
Find the simple interest (in ₹) if a sum of ₹550 is borrowed for 3.5 years at 20% per annum rate of interest.
Find the simple interest (in ₹) if a sum of ₹550 is borrowed for 3.5 years at 8% per annum rate of interest.
If a sum of ₹550 is borrowed for 3.5 years at an annual interest rate of 12%, find the simple interest (in ₹).
Find the simple interest (in ₹) if a sum of ₹600 is borrowed for 2.5 years at 12% per annum rate of interest.
Find the simple interest (in ₹) if a sum of ₹600 is borrowed for 2.5 years at 8% per annum rate of interest.
Two banks, A and B, offered loans at 3.5% and 8.5% per annum, respectively. Tushar borrowed an amount of ₹4,60,000 from each bank. Find the positive difference between the amounts (in ₹) of simple interest paid to the two banks by Tushar after 4 years.
Find the simple interest (in ₹) on ₹1,200 at an interest rate of 6% per month in 12 months.
Find the simple interest (in ₹) on ₹1,500 at an interest rate of 3% per month in 1 month.
Important Questions from Simple Interest
How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest ?
Nirav and Mehul borrowed Rs.4000 and Rs.5000 respectively for 2.5 years at the rate of x% per annum. Mehul paid Rs 125 more interest than Nirav. Find x.
If the interest on a sum of Rs.1200 is more than the interest on Rs.1000 by Rs.120 in three years, then what is the rate of interest per annum?.
The difference between the simple interest received from two banks on Rs. 500 for two years is Rs. 2.50. What is the difference between their rates?
A sum of Rs.1200 becomes Rs.1560 at a rate of simple interest in 3 years. In how many years will the sum of Rs.800 amount to Rs.1120 at the same rate of simple interest?
