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At what rate percent per annum will the simple interest on a sum of money be 2/5 of the amount in 10 years

  • 1%
  • 2%
  • 3%
  • 4%
Similar Questions :

1. Reema took a loan of Rs 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest.

  • 5%
  • 6%
  • 7%
  • 8%

2. A financier claims to be lending money at simple interest, But he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes.

  • 10.25%
  • 10%
  • 9.25%
  • 9%

3. We have total amount Rs. 2379, now divide this amount in three parts so that their sum become equal after 2, 3 and 4 years respectively. If rate of interest is 5% per annum then first part will be ?

  • 818
  • 828
  • 838
  • 848

4. If A lends Rs. 3500 to B at 10% p.a. and B lends the same sum to C at 11.5% p.a., then the gain of B (in Rs.) in a period of 3 years is

  • Rs. 154.50
  • Rs. 155.50
  • Rs. 156.50
  • Rs. 157.50

5. Find the simple interest on Rs 7000 at 50/3 % for 9 months

  • Rs. 1075
  • Rs. 975
  • Rs. 875
  • Rs. 775
Read more from - Simple Interest Questions Answers
Post a comment

  • ANURAG 9 years ago

    urs first solution is wrng. solve it with...
    AMOUNT = PRINCIPLE + INTEREST
    A = P+ 2/5A
    A-2/5A = P
    P = 3/5A
    NOW PUT THIS IN FORMULA,
    2/5A = (3/5A x 10x R)/100
    R = 20/3%

  • Jermajesty 11 years ago

    Hey, sutlbe must be your middle name. Great post!