SIMPLE INTEREST
SIMPLE INTEREST
SIMPLE INTEREST
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C. Rs.156.25 D. Rs.158<br />
Solution<br />
= Rs.[169/(1+4/100)²]<br />
Present Worth = Rs.(169x25/26x25/26)<br />
= Rs.156.25<br />
6.<br />
On a sum of money, the simple interest for 2 years is Rs. 660,while the compound<br />
interest is Rs.696.30,the rate of interest being the same in both the cases. The rate of<br />
interest is<br />
A. 10% B. 11%<br />
C. 12% D. 10.5%<br />
Solution<br />
= Rs(696.30-660)<br />
Difference in C.I and S.I for 2 years<br />
=Rs. 36.30.<br />
S.I for one years<br />
= Rs330.<br />
S.I on Rs.330 for 1 year =Rs. 36.30<br />
Rate<br />
= (100x36.30/330x1)%<br />
=11%.<br />
7.<br />
The difference between simple interest and compound interest on Rs. 1200 for one<br />
year at 10% per annum reckoned half yearly is<br />
A. Rs.2.50<br />
C. Rs. 4<br />
B.<br />
Rs.<br />
3<br />
D.<br />
Rs.<br />
3.75
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