Suresh, a government employee has a rectangular piece of land. He wants to build a house on that land.
The dimensions of the plot are 50 m × 40 m. He took a loan of 10 lakh from the bank to build the house.
The bank charged interest of 10% per annum compounded annually. He cleared the loan after 2 years.
a. What is the area of land in hectares?
A. 0.02 hectares
B. 0.002 hectares
C. 0.2 hectares
D. None of these
b. The Simple interest on Rs 500 at same rate and same time.
A. Rs 100
B. Rs 200
C. Rs 50
D. Rs 120
c. If the cost of constructing the house is Rs 800 per metre square, then total cost of constructing the
house is
A. 16 lakhs
B. 20 lakhs
C. 18 lakhs
D. none of these
d. What is the total money Suresh returned after 2 years to clear the loan?
A. 12 lakhs
B. 13 lakhs
C. Between 12 lakhs & 13 lakhs
D. Between 11 lakhs & 12 lakhs
plsssssss help mee
Answers
Answered by
1
a)0.2
b)200
c)18 lakh
d) between 11 and 12
Answered by
2
a. Area of rectangle=l*b
=50*40=2000m=0.2 hectares
b. Principle-500,Rate=10% per annum
So interest= 50 per annum
For 2 years=100
(OR)
Substitute in I=PTR/100
c.Area of land =2000m
For 1 metre=800
For 2000m=2000*800=16L
d. Principle=10 lakhs
Rate=10%
For 1 st year Intrest=1lakh
For 2 nd year Intrest =1.1 lakh
So total amount to be paid is between 12L and 13L
(OR)
Use this formula A=P(1+r/n)^nt
=50*40=2000m=0.2 hectares
b. Principle-500,Rate=10% per annum
So interest= 50 per annum
For 2 years=100
(OR)
Substitute in I=PTR/100
c.Area of land =2000m
For 1 metre=800
For 2000m=2000*800=16L
d. Principle=10 lakhs
Rate=10%
For 1 st year Intrest=1lakh
For 2 nd year Intrest =1.1 lakh
So total amount to be paid is between 12L and 13L
(OR)
Use this formula A=P(1+r/n)^nt
Similar questions