Simple interest for the sum of 1230 for 2 yr is 10 more than the simple interest for 1130 for the same duration. Find the rate of interest.`

Simple interest for the sum of 1230 for 2 yr is 10 more than the s

1.	Simple interest for the sum of 1230 for 2 yr is 10 more than the simple interest for 1130 for the same duration. Find the rate of interest. `
A.	5%
B.	6%
C.	8%
D.	2%
Answer» B. 6%

Discussion

No Comment Found

Related MCQs

A person takes a loan of Rs. 200 at 5% simple interest. He returns Rs. 100 at the end of 1 year. In order to clear his dues at the end of 2 years, he would pay:
Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?
A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6% p.a for 2 years. Find his gain in the transaction per year.
A person takes a loan of Rs. 200 at 5% simple interest. He returns Rs. 100 at the end of 1 year. In order to clear his dues at the end of 2 years, he would pay:
Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?
A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6% p.a for 2 years. Find his gain in the transaction per year.
A and B borrowed Rs. 3000 and Rs. 3200 respectively at the same rate of <table><tr><td rowspan="2">interest for 2</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2"> years. If B paid Rs. 40 more interest than A, find the </td></tr><tr><td style="text-align: center;">2</td></tr></table> rate of interest.
<table><tr><td rowspan="2">In certain years a sum of money is doubled to itself at 6</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">% simple interest per annum, </td></tr><tr><td style="text-align: center;">4</td></tr></table>then the required time will be
What should be the least number of years in which the simple interest <table><tr><td rowspan="2"> on Rs. 2600 at 6</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>2</center></td><td rowspan="2">% will be an exact number of rupees ?</td></tr><tr><td style="text-align: center;">3</td></tr></table>
At a simple interest, a sum amounts to 1012 in 2<sup>1</sup>/<sub>2</sub> and becomes 1067.20 in 4 yr. What is the rate of interest

Simple interest for the sum of 1230 for 2 yr is 10 more than the simple interest for 1130 for the same duration. Find the rate of interest.`

Discussion

No Comment Found

Related MCQs

Reply to Comment

Simple interest for the sum of 1230 for 2 yr is 10 more than the simple interest for 1130 for the same duration. Find the rate of interest.
`