Ramakant wants to earn Rs. 1500 interest on his deposits. He plans to buy a sack of grains with the interest. He puts Rs. 5,000 into his account that earns 2.5% interest. How long will he need to leave his money in the account to earn this interest that would help him buy the sack of grains ?

Simple Interest

1.7K views

Ramakant wants to earn Rs. 1500 interest on his deposits. He plans to buy a sack of grains with the interest. He puts Rs. 5,000 into his account that earns 2.5% interest. How long will he need to leave his money in the account to earn this interest that would help him buy the sack of grains ?

Answer : C . 12 years

A . 8 years

B . 10 years

C . 12 years

D . 15 years

Answer : C . 12 years

Explanation :

S.I = 1500
P = 5000
R = 2.5
S.I = P * T * R / 100
P * T * R / 100 = 1500
(5000 * 2.5 * T) / 100 = 1500
T = 12 years.

Ramakant wants to earn Rs. 1500 interest on his deposits. He plans to buy a sack of grains with the interest. He puts Rs. 5,000 into his account that earns 2.5% interest. How long will he need to leave his money in the account to earn this interest that would help him buy the sack of grains ?

Answer : C . 12 years

Explanation :

Related Tags

Leave a Reply Cancel reply

The simple interest earned on a certain amount is double the amount when invested for 10 years. What is the interest rate being offered ?

Alok deposits Rs.5000 in his bank account for 5 years to earn an interest of 12%. What amount will he get after 5 years ?

A certain sum of money amounts to Rs.1300 in 2 years and to Rs. 1525 in 3.5 years. Find the sum and the rate of interest ?

A Certain sum of money amounts to Rs 2500 in a span of 5 years and further to Rs.3000 in a span of 7 years at simple interest. The sum is ?

If the simple interest on a certain sum of money is 4/25 of the sum and the rate percent equals the number years, then the rate of interest per annum is ?

Ignore errors of punctuation, if any ? Symptoms of this illness (A) that warrant a doctor visit (B) includes fever, (C) vomiting, and diarrhea, as well as the (D) loss of appetite (E) No error

What is Blacklist ?

Find the output : function modify(a,b) { Integer c,d=2 c= a*d+ b return c } Function calculate () { Integer a = 5, b = 20, c Integer d= 10 c = modify (a, b); c = c+ d Print c }

What is the output of this C code ? | Recursion Program in C | Recursion in C

Ravi and Rupali are asked to write a program to sum the rows of 2X2 matrices stored in the array A..?

QDXM : SFYN :: UIOZ : ?

The population of a village is eight thousand. If 6 % men and 10 % women are added population becomes 8600, then no of men in the village was ?

Which is the Closest approximation to the product 0.3333 x 0.25 x 0.499 x 0.125 x 24 ?

Jaya Brought a worth Rs 3,50,000 four years ago. If the value of the car is depreciates over time at fixed rate of 10% per annum then what willl be present worth of car ?

WIKITECHY

WORKSHOP

Join Community

OTHER LANGUAGES

Answer : C . 12 years

Explanation :

Related Tags

Leave a Reply Cancel reply

You May Also Like

WIKITECHY

WORKSHOP

Join Community

OTHER LANGUAGES