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Numerical Ability
Simple & Compound Interest
Q. A certain sum of money amounts to Rs1125 in 5 years and to Rs1200 in 8 years. Find the sum and the rate of interest.
Read Solution (Total 3)
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- In 3 years more years, the interest is Rs75.
So in 1 year, the interest is Rs25 & in 5 years the interest is Rs125.
Sum +5 years interest= Rs1125. So the sum is Rs1000.
And the rate of interest is 25/1000*100 i.e.2.5% p.a. - 9 years agoHelpfull: Yes(7) No(0)
- The amount after 5 years = 1125
The amount after 8 years = 1200
Interest for 3 years = 75
Interest for 5 years = 5 *75/3 = 125
So, Principal = 1125-125= 1000 - 11 years agoHelpfull: Yes(4) No(2)
- 3 Year interest = 75
So for ! year=(75/3)
Total Interest for 5 Year = (75*5/3)=125
Principle Amount=1125-125=1000
Rate=2.5%
- 9 years agoHelpfull: Yes(1) No(1)
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