Question
A Motorbike can be purchased on cash payment of Rs. 30000. But the same Motorbike can also be purchased on the cash down payment of Rs 7000 and the rest can be paid in three equal annual instalments of Rs. 8000 for next three years. Find the rate of simple interest?
More Simple and compound interest Questions
- The difference between compound interest and simple interest on Rs 8000 at R% per annum for 2 years is Rs 80. Find the value of R.
- A man invested a certain amount of sum at 12.5% per annum simple interest and earned an interest of Rs.2000 after 4 years. If the same amount is invested a...
- At what rate percent per annum will a sum of money become four times its original amount in 12 years at simple interest?
- Rs. (2x + 400) is invested at a rate of 20% per annum, yielding an interest of Rs. 3200 after 4 years. Calculate the interest earned when Rs. (x + 100) is ...
- A businessman invested Rs. 60,000 in two schemes. One scheme offers 9% p.a., and the other offers 14% p.a. If the total interest earned from both schemes a...
- A man invested certain sum at simple interest of r% p.a. such that it amounts to 124% of itself in 10 years. Find the interest earned when Rs. 10000 is inv...
- Some amount out of Rs.12000 was lent out at 10% per annum and the rest amount @ 16% per annum and thus in 5 years the total interest from both the amount c...
- An individual invested an amount of money in a financial scheme that accrues compound interest at an annual rate of 30%, compounded yearly. After 2 years, ...
- If a sum of money doubles in 5 years at simple interest, what is the rate of interest per annum?
- Someone puts Rs. 18,000 in a scheme offering simple interest at ‘x%’ annually and receives Rs. 22,500 after 2.5 years. If he had instead invested Rs. 15,00...
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)