Question

7. Raman borrowed some money from L.I.C. of India at 12% per annum
simple interest. After 1 year and 9 months, he paid 3 3025 to L.I.C. and
settled his accounts. What amount did he borrow?
8. (a) What capital will earn a monthly interest of 3 500 at 8% per annum
simple interest?
(b) How much simple interest will 6000 earn in 4 years if the rate of
interest is 9%? How much will it earn in 4 months?
9.
Yogesh borrowed 1400 at 7% per annum. Determine the annual
interest and the amount he will have to pay back at the end of 4 years.
10. Determine the amount on which interest at 8% per annum will yield
640 in 4 years.
11. Find the simple interest on 73000 from 11 May 2018 to 11 September
2018 at 5% per annum.
12. What sum of money will amount to 40000 at the rate of 12% per
annum simple interest in 5 years?
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Answer 1

Answer:

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