Page-7 of Simple Interest

A man took a loan from a bank at the rate of 12% per annum at simple interest. After 3 years he had to pay Rs. 5400 as interest only for the period. The principle amount borrowed by him was:

A man took a loan from a bank at the rate of 12% per annum at simple interest. After 3 years he had to pay Rs. 5400 as interest only for the period. The principle amount borrowed by him was: [A]2000 [B]10000 [C]15000 [D]20000 Show Answer 15000 Let the principal be x. Hence option [C] ..

A sum of money lent at simple interest amount to Rs. 880 in 2 years and to Rs. 920 in 3 years. The sum of money (in rupees) is :

A sum of money lent at simple interest amount to Rs. 880 in 2 years and to Rs. 920 in 3 years. The sum of money (in rupees) is : [A]784 [B]800 [C]700 [D]760 Show Answer 800 If the principal be x and rate of interest be r % per annum then, SI after 1 ..

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