Question

What sum in 1.5 years at 10% .p.a Simple interest will earn the same interest as Rs.500 in 6 years at 5% .p.a

Answer 1

Answer:Rate of interest: The interest paid on Rs.100 for one. ... Therefore, S.I = (P × R × T)/100 = (900 × 5 × 10)/(100 × 3) = $ 150 ... In how much time dose $ 500 invested at the rate of 8% p.a. simple interest amounts to $ 580. ... In how many years will simple interest on certain sum of money at 6 1/4% Per annum be 5/8 of itself?

Explanation:

Rate of interest: The interest paid on Rs.100 for one. ... Therefore, S.I = (P × R × T)/100 = (900 × 5 × 10)/(100 × 3) = $ 150 ... In how much time dose $ 500 invested at the rate of 8% p.a. simple interest amounts to $ 580. ... In how many years will simple interest on certain sum of money at 6 1/4% Per annum be 5/8 of itself?