The simple interest accrued on an amount Rs.10,000 at the end of two years is s

Check All Courses

Question

The simple interest accrued on an amount Rs.10,000 at the end of two years is same as the compound interest on Rs.8,000 at the end of two years. The rate of interest is same in both the cases. What is the rate of interest?

Answer: Option D

Given that Rs.10,000 is invested in S.I for two years and Rs.8,000 in C.I for two years => C.I - S.I
=> 8,000 { [1 + r/100]² - 1} = (10,000)2r /100=> 8{ 1 + 2r/100 + r² / (100)² - 1} = r/5 => 16r/100 + 8r²/(100)² = 20r/100 => 4r/10 = 8r²/(100)² => 8[r/100]² - 4r/100 = 0 => r/100 {8r/100 -4} = 0 => r = 0% of 50% Since r!= 0%, r =50%

Was this answer helpful ?

Next Question

Submit Comment/FeedBack

More Questions on This Topic :

Question 1. Manoj borrowed Rs.3450 from Anwar at 6% p.a. simple interest for three years. He then added some more money to the borr....then what is the sum lent by him to Ramu?

Question 2. A certain sum of money is invested for one year at a certain rate of simple interest. If the rate of interest is 3% hig....interest earned earlier. What is the earlier rate of interest?

Question 3. A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The ra....of simple interest. The rate of interest per annum is:

Question 4. What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for....of interest for 6 years and that for 9 years?

Question 5. A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest ....2% more, how much more interest would it have earned?

Question 6. A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6% p.a fo....2 years. Find his gain in the transaction per year.

Question 7. The simple interest on a sum of money is Rs. 50. What is the sum?....

Question 8. What is the rate of simple interest?....

Question 9. What is the sum which earned interest?....

Question 10. What percentage of simple interest per annum did Anand pay to Deepak?....

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