A bank gives out Rs.6000 to Customer A for 2 years and Rs.1500 to customer B for

Question

A bank gives out Rs.6000 to Customer A for 2 years and Rs.1500 to customer B for 4 years. It receives interest of Rs.900 from them put together. Find the rate of interest (SI)?

Answer: Option A
:
A
Rs.6000 for 2 years Rs.12000 for 1 year and Rs.1500 for 4 years Rs.6000 for 1 year
Total Principal = Rs 18000 for 1 year

S I = \frac{P R T}{100} \to R a t e = \frac{900 \times 100}{18000} = 5 %

Was this answer helpful ?

Next Question

Submit Solution

More Questions on This Topic :

Question 1. In a village which has a barter system, 1 kg of rice is equivalent to 1 dozen bananas. Anil gives 1.5 kg rice to Binod u....Who is in profit and what is the percentage profit?

Question 2. Two alloys containing copper and zinc are in the ratios 5:8 and 5:3.If they are melted in equal quantities, The ratio of....ratio of Zinc to copper in the resultant alloy is?

Question 3. In a particular school, the maximum marks in a subject is 250. Suppose a student obtained 60% marks, what were his actua....a student obtained 60% marks, what were his actual marks?

Question 4. It is given that two types of rice A and B costing Rs.3 and 3.30 per kg respectively are mixed to form a mixture costing....in which they are mixed to obtain this Cost price?

Question 5. Ram Lal invested a certain amount for three years, under compound interest compounded annually and received Rs.17820. If....have received Rs.49410. What amount (in Rs.) did he invest?

Question 6. At what price should I buy a share whose face value is Rs.200 and pays dividend of 9%, so that my yield is 12%....

Question 7. Mayawati buys two elephants for 40,000 each, She sells one at a profit of 20% and other at a loss of 2....loss of 20% . What is her profit/ loss percentage?

Question 8. Anju’s and Binoy’s marks are in the ratio 3:5. If each gets 20 marks more, the ratio becomes 13:21. ....20 marks more, the ratio becomes 13:21. Find Anju’s marks?

Question 9. Picnic invites two kinds of charges: bus fare, which is independent of the number of people attending the picnic and buf....be the charges per head when there are 100 invitees?

Question 10. There are 5 friends in a class who get marks in the ratio 3:4:5:6:7. The maximum marks are the same in each case. The to....many friends got more than 70% of the total marks?

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

Tabulation - Test Paper 2 Data Interpretation Reasoning & DI

Test Paper 1 Direction Sense Test Reasoning & DI

ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0

GFM Combined 1 Free Revision Test SAIL JO E-0

Submit Solution

More Questions on This Topic :

Latest Videos

Latest Test Papers