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Sahil took a loan for 6 years at the rate of 5% per annum on Simple Interest, If the total interest paid was Rs. 1230, the principal was

  • 4100
  • 4200
  • 4300
  • 4400
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1. Find the rate at Simple interest, at which a sum becomes four times of itself in 15 years.

  • 10%
  • 20%
  • 30%
  • 40%

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.

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

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4. Find the simple interest on the Rs. 2000 at 25/4% per annum for the period from 4th Feb 2005 to 18th April 2005

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5. A man took a loan at rate of 12% per annum simple interest. After 3 years he had to pay 5400 interest. The principal amount borrowed by him was.

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Read more from - Simple Interest Questions Answers
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