If compound interest on a certain sum for 2 years is ₹ 60.60 and simple interest is ₹ 60 , then

English

Gujarati

Hindi

6.Interest

easy

If the compound interest on a certain sum for $2$ years is ₹ $60.60$ and the simple interest is ₹ $60$, then the rate of interest per annum (In $\%$) is

A

$2$

B

$3$

C

$4$

D

None of these

Solution

(a) We have,

$CI – SI =\frac{R \times SI }{200}$

$\Rightarrow 60.60-60=\frac{R \times 60}{200}$

$\Rightarrow R=\frac{0.60 \times 200}{60}=2 \%$

Standard 13

Quantitative Aptitude

Share

Similar Questions

Albert invested an amount of ₹ $8000$ in a fixed deposit scheme for $2$ years at compound interest rate of $5 \%$ per annum. How much amount (In ₹) will Albert get on maturity of the fixed deposit?

medium

Monica deposited a total of $Rs. 10500$ with a bank in two different deposit schemes at $10 \%$ $p.a.$, interest being compounded annually. As per the schemes, she gets the same amount after $2 \,years$ on the first deposit as she gets after $3 \,years$ on the second deposit. How much money (In $Rs.$) did she deposit for $3 \,years$?

hard

The difference between the $S.I.$ and $C.I.$ obtained on principal amount at $5$ $p.c.p.a.$ after $2$ years is $Rs. 35 .$ What is principal amount (In $Rs.$).

easy

What would be the $C.I.$ on $Rs. 17500$ at the rate of $12$ $p.c.p.a.$ after $2$ years (In $Rs.$) ?

easy

Find the difference between $C.I. \& S.I.$ on $Rs. 15000$ at $3 \%$ per annum for $3$ years?

easy