Arithmetic Aptitude :: Simple Interest
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A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was:
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A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is:
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What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years?
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A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?
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A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6\( \frac { 1 } { 4 } \)% p.a for 2 years. Find his gain in the transaction per year.
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Principal = Rs. (9800 - 3675) = Rs. 6125.
