Find the interest on 3600 at 12/5% per annum for a period of 3 years and 6
5
months.
Answers
Answer:
Principal = Rs 9600, rate = 712% p.a. and time = 5 months. ... P=Rs 6000, R=12%, T=3 years 8 months = 3812=4412yearsS.I. =P×R×T100=6000×12×44100×12= Rs 2640A= P+S.I. ... The simple interest on a certain sum for 3 years at 10% per annum is Rs 829.50.
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Maths
Ravi lends Rs.3600 on simple interest to harsh for a period of 5 years.He lends the part of the amount at 4% interest and the rest at 6% and receives Rs.960 as the amount of interest. how much money did he lend on 4% interest rate?
Answer
Let the money lend by Ravi to Harsh at 4% simple interest be Rsx.
Therefore, money lend by Ravi to Harsh at 6%
simple interest be Rs(3600−x)
as total amount lend is Rs3600.
Now simple intrest at 4% for 5 years
Principal (P)= Rs x, rate(R)=4% and Time (T)=5
SI =
100
PRT
=x×4×
100
5
=
100
20x
Now simple interest at 6% for 5 years
Principal (P)= Rs (3600−x), rate (R)=6% and Time (T)=5
SI=
100
PRT
=(3600−x)×6×
100
5
=(3600−x)×
100
30
=
100
(108000−30x)
Given that, total simple interest received = Rs 960.
Therefore, 960=
100
20x
+
100
(108000−30x)
⇒960×100=20x+108000−30x
⇒96000=108000−10x
⇒10x=108000−96000
⇒10x=12000
∴x=Rs1200
Money lend by Ravi on 4% interest rate is Rs1200