simple interest examples - Wikitechy https://www.wikitechy.com/interview-questions/tag/simple-interest-examples/ Interview Questions Mon, 06 Sep 2021 05:36:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.9 https://www.wikitechy.com/interview-questions/wp-content/uploads/2025/10/cropped-wikitechy-icon-32x32.png simple interest examples - Wikitechy https://www.wikitechy.com/interview-questions/tag/simple-interest-examples/ 32 32 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 ? https://www.wikitechy.com/interview-questions/simple-interest/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/ https://www.wikitechy.com/interview-questions/simple-interest/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/#respond Wed, 18 Aug 2021 02:32:24 +0000 https://www.wikitechy.com/interview-questions/?p=2066

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 . Rs 2000

B . Rs 3000

C . Rs 8300

D . Rs 8000

Answer : D . 8000

Explanation:

P = 5000 ; N = 5 ; R = 12
Simple Interest = PNR / 100
= 5000 * 5 * 12 / 100
S.I = 3000 amount
After 5 yrs = Principle + S.I
= 5000 + 3000
= 8000

]]> https://www.wikitechy.com/interview-questions/simple-interest/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/feed/ 0 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 ? https://www.wikitechy.com/interview-questions/simple-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/ https://www.wikitechy.com/interview-questions/simple-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/#respond Wed, 18 Aug 2021 02:30:58 +0000 https://www.wikitechy.com/interview-questions/?p=2065

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_____

A. 1200

B. 1250

C. 1050

D. 1000

Answer : B. 1250

Explanation :

As the rate of interest for both the cases are same
A1, A2 = Total Amounts , P = Principal Amount , T1, T2 = Time Period involved in years
(A1 – P) / T1 = (A2 – P) / T2
(2500 – P) / 5 = (3000 – P) / 7
17500 – 7P = 15000 – 5P
P = 1250

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