What sum (in ₹) will earn a simple interest of ₹1,320 in 3 years at 16% per year rate of interest?
2,750
Using \(SI = \dfrac{P\times R\times T}{100}\), the principal is \(P = \dfrac{SI\times100}{R\times T}\).
Substituting: \(P = \dfrac{1320\times100}{16\times3} = \dfrac{132000}{48} = 2750\).
Hence, the required sum is ₹2,750.
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If ₹12,800 is invested in a bank for 5 years at the rate of 9% per annum simple interest. what amount is returned by the bank?
Somu has borrowed ₹10,000 from a money lender with simple interest at a rate of 7% half yearly. How much amount will he pay to the money lender after 3 years?
Find the Simple interest on Rs. 2,400 from 20 March 2019 to 31 may 2019 at \(6{1 \over 4}\) % rate?
If the simple interest for five years is equal is 35% of the principal, that rate of interest is:
A sum fetched a simple interest of Rs. 3,040 at the rate of 8% p.a in 5 years. what is the sum?
