The interest on a certain deposit at 4.5% p.a. is Rs. 202.50 in one year. How much will the additional interest in one year be on the same deposit at 5% p.a. ?
A) Rs. 22.5
B) Rs. 2.5
C) Rs. 202
D) Rs. 25
Answer: A) Rs. 22.5
Explanation:
We know that I = PTR/100 => P = 20250/4.5 = 4500 Now, new Interest at 5% = 4500x1x5/100 = 225 Now the additional amount = 225 - 202.5 = Rs. 22.5
A sum of Rs 4000 becomes Rs 7000 in 6 years at simple interest. If the rate of interest becomes double of itself, then what will be the amount (in Rs) after 6 years?
Sachin lent out Rs 60000 in two parts, first at 4% and the second at 10% interest. The yearly average interest comes out to be 6.4%. What are the amounts (in Rs) that were lent at 4% and 10% respectively?
Rs. x invested at 8% simple interest per annum for 5 years yields the same interest as that on Rs. y invested at 7.5% simple interest per annum for 6years. Find x : y.