Let the amount be 100 units Interest = 15% Total Interest = 45 + 30 + 15 + 0 = 90 Total Amount = 400 + 90 = 490 units 490 units = 980 1 unit = 200 Formula Method :- Formula for Annual Payment/ Annual Income / Annual Installment = (Due Debt ×100)/(100 ×t+ (r × t ×(t-1) )/2) = (980 ×100)/(100 ×4+ (15 × 4 ×(4-1) )/2) = 98000/(400+90) = 200
Veeru invested Rs. 3450 at 20% p.a. simple interest for 3 years. After 3 years, he invested the amount received by him at the 20% p.a. compound interest...
A sum doubles in seven years at simple interest. In how many years will the sum become five times the original sum?
Rs. 33000 was partly lent at 5% & remaining at 8% S.I. If total interest received from both was Rs. 6930 in 3 years. Then find the amount kept at 5%...
A company declared 20% discount for wholesale buyers on an item. A wholesaler bought the item from the company for ₹400 after getting a discount. He f...
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Rs. 2500 is invested in scheme ‘A’ for a year at simple interest of 25% p.a. The interest received from scheme ‘A’ is reinvested for 2 years in ...
A man invested a certain amount of sum at 15% per annum simple interest and earned an interest of Rs.2100 after 2 years. If the same amount is invested ...
Mr. Karan invested his funds in 3 different projects 'P', 'Q', and 'R' in the ratio 7:6:5, respectively. The rates of interest offered by projects 'P', ...
A sum fetched a simple interest of ₹3,040 at the rate of 8 %.p.a. in 5 years. What is the sum?
The amount becomes ₹ 1,451.25 in one year on a simple rate of interest. If the rate of interest was 2% higher, the amount would have been ₹ 27 more...