Rs.1,000 is invested at 5% per annum simple interest. If the interest is added t

Check All Courses

Question

Rs.1,000 is invested at 5% per annum simple interest. If the interest is added to the principal after every 10 years, the amount will become Rs.2,000 after

Options:

A . 18 years

B . 15 years

C . 16$2/3$ years

D . 20 years

Answer: Option C
Answer: (c)Using Rule 1,After 10 years,SI = ${1000 × 5 × 10}/100$ = Rs.500Principal for 11th year= 1000 + 500 = Rs.1500SI = Rs.(2000 - 1500) = Rs.500T = ${SI × 100}/{P × R} = {500 × 100}/{1500 × 5}$= $20/3$ years = 6$2/3$ yearsTotal time = 10 + 6$2/3$= 16$2/3$ years

Was this answer helpful ?

Next Question

Submit Comment/FeedBack

More Questions on This Topic :

Question 1. A sum of money lent at simple interest amounts to Rs.880 in 2 years and to Rs.920 in 3 years. The sum of money (in rupee....in 3 years. The sum of money (in rupees) is

Question 2. Ram deposited a certain sum of money in a company at 12% per annum simple interest for 4 years and deposited equal amoun....Rs.1350, then the sum deposited in each case is :

Question 3. Simple interest on a certain sum at a certain annual rate of interest is $16/25$ of the sum. If the number representing ....in years be equal, then the rate of interest is

Question 4. The rate of interest per annum at which the total simple interest of a certain capital for 1 year is equal to the total ....the rate of 5% per annum for 2 years, is

Question 5. Prakash lends a part of Rs.20,000 at 8% simple interest and remaining at $4/3$% simple interest. His total income after ....a year was Rs.800. Find the sum lent at 8%.

Question 6. The simple interest on a sum of money is $4/9$ of the principal and the number of years is equal to the rate percent per....rate percent per annum. The rate per annum is :

Question 7. A person deposited Rs.500 for 4 years and Rs.600 for 3 years at the same rate of simple interest in a bank. Altogether h....as interest. The rate of simple interest per annum was

Question 8. The simple interest on a sum of money is $1/16$ of the principal and the number of years is equal to the rate per cent p....rate per cent per annum. The rate per annum is

Question 9. The simple interest on a certain sum at 5% per annum for 3 years and 4 years differ by Rs.42. The sum is :....

Question 10. If Rs.12,000 is divided into two parts such that the simple interest on the first part for 3 years at 12% per annum is e....4$1/2$ years at 16% per annum, the greater part is

Latest Videos

Chapter 1 - GLOBAL STEEL SCENARIO & INDI 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

Latest Test Papers

Chapter 3.1 : Overview of Finance & Acco Chapter 3 : Finance & Accounts SAIL E0 - GFM 2024

Chapter 2.1 : Overview Chapter 2 : Materials Management SAIL E0 - GFM 2024

Chapter 1.1 : Personnel Functions- An ov Chapter 1 : Personnel Management SAIL E0 - GFM 2024

GPOE / GPA Combined 1 Free CBT Mock Test SAIL E0 2024

CBT Mixed Test 1 GPOE/GPA SAIL E0 2024