Neeraj took a loan of Rs. 201900 from bank with simple interest for as many years as the rate of interest. If he was supposed to pay Rs. 395724 as interest at the end of loan period, what was the rate of interest?
14%
Rs. 201900 *x years *x %= Rs. 395724 => x^2=1.96 % => x=14% & 14 years
Let the rate of interest be x% p.a. Then 395724 = 201900 *x *x/100 or 395724 = 2019 X2 Therefore, x = square root of 196 which is equal to 14. Therefore, the rate of interest is 14% p.a. DR, M J SUBRAMANYAM
Raima took a loan of Rs. 1500 with simple interest for as many years as the rate of interest. If she paid Rs. 960 as interest at the end of the loan period, what was the rate of interest?
Mona deposits Rs. 15000 in her bank account for 6 years to earn a simple interest of 11.5%. What amount will she get after 6 years?
Ahaan lent Rs 1200 to Bhargav for 3 years at certain rate of simple interest and Rs 1000 to Pulkit for the same time at the same rate. If he gets Rs 50 more from Bhargav than from Pulkit , then what is the percent rate ?
