Home
Class 10
MATHS
Find the principal of which the monthly ...

Find the principal of which the monthly interest is `1Rs` at the rate of `5%` annual simple interest.

Text Solution

Verified by Experts

Let the principal be `Rs x`
Now, `1` month `=(1)/(12)` year
`:.` Simple interest `=Rs(x xx5xx1)/(100xx12)=Rs(x)/(240)`
As per question, `(x)/(240)=1impliesx=240`
`:. ` The required principal `=Rs240`
Promotional Banner

Topper's Solved these Questions

  • SIMPLE INTEREST

    CALCUTTA BOOK HOUSE|Exercise Long-answer type questions|37 Videos

  • SIMPLE INTEREST

    CALCUTTA BOOK HOUSE|Exercise Very-short answer type questions|18 Videos

  • SIMILARITY

    CALCUTTA BOOK HOUSE|Exercise Exercise 5.2|27 Videos

  • SPHERE

    CALCUTTA BOOK HOUSE|Exercise EXERCISE|36 Videos

Similar Questions

Explore conceptually related problems

Interest of Rs x for y months at the rate of 20% simple interest is

Determine the principal for which the compound interest is more than the simple interest Rs. 6.40 in 2 years at the rate of compound interest 8% per annum.

The ratio of the principal and the amount (principal along with interest) in 1 year is 8:9 , the rate of simple interest per annum is __________.

The ratio of the principal and the amoun (principal along with interest) in 1 year is 7:8 , the rate of simple interest per annum is _____________ .

If a person get 1200Rs return as amount (principal along with interest) by depositing 800Rs in the bank at the rate of simple interest of 10% per annum, then calculate the time for which the money was deposited in the bank.

Total interest of Rs 400 for 2 1/2 years at the rate of 6% simple interest per annum is

The total interest of a principal of Rs2000 in 18 months at the rate of yearly simple interest 6% is

Find the interest of 300Rs from 3rd March to 15 May, 2016 at the rate of annual simple interest of 6%

Determine the compound interest of Rs. 24000 in 2 1/3 years at the rate of annual compound interest 15%.

The total interest at the rate of simple interest of 5% per annum of Rs300 and at the rate of simple interest of 3% per annum of Rs500 for 2 years more period of time, is together Rs150 . Find the period of time for which the interest of two principals have been claculated.

CALCUTTA BOOK HOUSE-SIMPLE INTEREST-Short answer type questions
  1. The yearly income of Amalbabu becomes Rs60 less when yearly rate of si...

    Text Solution

    |

  2. If the interest of a principal in 10 years be (2)/(5)th part of itself...

    Text Solution

    |

  3. Find the principal of which the monthly interest is 1Rs at the rate of...

    Text Solution

    |

  4. Find the interest of 300Rs from 3rd March to 15 May, 2016 at the rate ...

    Text Solution

    |

  5. At the two different rates of annual simple interest a certain quantit...

    Text Solution

    |

  6. 10Rs is given as a loan to someone in such a condition that he will pa...

    Text Solution

    |

  7. A person invested (1)/(3) of his prinicipal at a simple interst of 7% ...

    Text Solution

    |

  8. A certain quantity of money becomes three times in 20 years , then at ...

    Text Solution

    |

  9. If the rate of simple interest in percent per annum increases to 12(1)...

    Text Solution

    |

  10. At the rate of 6(2)/(3)% simple interest per annum, if a principal of ...

    Text Solution

    |

  11. The rate of simple interest in percent per annum of a monetary fund is...

    Text Solution

    |

  12. Find the rate of simple interest in percent per annum, if a principal ...

    Text Solution

    |

  13. A person , giving two equal loans, one at a rate of simple interest of...

    Text Solution

    |

  14. At a rate of simple interest 7(1)/(2)% per annum, find the total amoun...

    Text Solution

    |

  15. What will be the simple interest of a principal of Rs3500 at a rate of...

    Text Solution

    |

  16. The annual interest of a principal is (1)/(6) parts of itself. If afte...

    Text Solution

    |