Web21 sep. 2024 · Q1. If a simple interest of Rs.72 will be obtained after 6 months at the rate of 3 percent per annum, then the principal amount would be: (in Rs.) Q2. A Sum … WebRate of interest = 5%. Time = 2 years . Difference of CI and SI = Rs. 25. Short Trick: Difference between the simple and compound interest on a certain sum of money (P) …

Simple Interest vs. Compound Interest - Investopedia

WebAnswer (1 of 5): Simple interest after 10 years = 600 Simple after 1 yr = 60 For first 5 years = 60*5 = 300 For next 5 years as the principle has been trebled, interest also would be … WebSimple Interest = [ {P×R×T}/100] We can also calculate the Principal amount as P = [ {100× (Simple Interest)}/ (R×T)]. Similarly, we can write the time T as equal to T = [ … cabinet in pantry

Compound interest on a certain sum of money at 5% per annum

WebA certain sum of money amounts to Rs 1008 in 2 years and Rs. 1164 in 3.5 yrs.Find sum and RI. A. SI for 1.5 yrs = 1164 - 1008 = 156. SI for 1 yrs = 156 * 2 / 3 = 104 and two … WebExample 5: The rate of simple interest per annum at which a sum of money doubles itself in 16⅔ years is: Solution: Let the principal amount be P. Now the amount A after 16⅔ … WebSimple interest can be easily determined by multiplying the interest rate by principal by the number of periods. 2) Principal: It is the money borrowed or lent out for a certain period … clowns sets