Aspire's Library

A Place for Latest Exam wise Questions, Videos, Previous Year Papers,
Study Stuff for MCA Examinations
  • Phrases
    Previous Year Questions

Phrases Previous Year Questions (PYQs)

Phrases Interest PYQ

Phrases PYQ 2023
Hari invested an amount at a certain rate of interest on simple interest and he got 60% more amount after eight years. If he invests Rs. 9600 at the same rate of interest on simple interest, then find the total interest he would get after four years?





Go to Discussion
Phrases Previous Year PYQPhrases NIMCET 2023 PYQ

Solution

Given: 60% interest in 8 years using Simple Interest (SI).

So, rate (R) = (60 / 8) = 7.5% per annum

Now, SI on ₹9600 for 4 years at 7.5%:

SI = (9600 × 7.5 × 4) / 100 = ₹2880

✅ Final Answer: ₹2880


Phrases

Online Test Series,
Information About Examination,
Syllabus, Notification
and More.

Click Here to
View More

Phrases

Online Test Series,
Information About Examination,
Syllabus, Notification
and More.

Click Here to
View More
Ask Your Question or Put Your Review.