In what time (In years ) will ₹ 8,000, at 3 % annum, produce same interest as ₹ 6,000 does in 5

English

Gujarati

Hindi

6.Interest

medium

In what time (In $years$) will ₹ $8,000,$ at $3 \%$ annum, produce the same interest as ₹ $6,000$ does in $5$ years at $4 \%$ simple interest?

A

$3$

B

$4$

C

$5$

D

$6$

Solution

(c) S.I. $=\frac{6000 \times 4 \times 5}{100}=₹ 1200$

New $P=₹ 8000$

$R=3 \%$

New S.I. $=1200 ₹$

$\begin{array}{l}\text { S.I. }=\frac{P N R}{100} \\\text { 1200 }=\frac{8000 \times N \times}{100} \\\hline N=5 \text { , years. }\end{array}$

Standard 13

Quantitative Aptitude

Share

Similar Questions

The $S.I.$ is $Rs. 7200$ on $12$ $p.c.p.a.$ for $6$ years on a sum. What is $C.I.$ (In $Rs.$) on $5$ $p.c.p.a$ for $2$ years?

medium

A sum of money invested at compound interest amounts to ₹ $800$ in $3$ years and to ₹ $840$ in 4 years. The rate of interest (In $\%$) per annum is

medium

The least number of complete years in which a sum of money put out at $20 \%$ compound interest will be more than doubled is

medium

The compound interest accrued on an amount at the end of $3$ $years$ $@$ $15$ $p.c.p.a.$ is $Rs. 6500.52 .$ What is the amount (In $Rs.$) ?

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