Elitmus
Exam
Numerical Ability
Simple & Compound Interest
at the rate of simple interest per annum,the interest on a certain sum of money for 10 years will be 2/5th part of the amount,then the rate of si will be how much
Read Solution (Total 3)
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- '.' S.I = PRT/100
here Time =10 yrs, & S.I =2P/5 for 10 yrs
So, S.I.=PxRx10/100 i.e. 2P/5= 10PR/100
.'. R =(2Px100) / (10Px5) ,i.e. R = 200/50 =4% , .'.The Rate of SI , R = 4% - 7 years agoHelpfull: Yes(4) No(0)
- Let p=rs x and rate= r
According to question:
si= x*2/5=2x/5
si= p*r*t/100
2x/5=x*r*t/100
r=4% - 7 years agoHelpfull: Yes(2) No(0)
- It says that, After 10 years, the interest constitutes 2/5 of the final amount.
Mathematically,
(PRT/100) = 2/5 of (P+(PRT/100))
Solving the above, we get
R = 20/3 % = 6 2/3 % - 5 years agoHelpfull: Yes(1) No(0)
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