Home
Class 14
MATHS
A person lent out a certain sum on si...

A person lent out a certain sum on simple interest and the same sum on compound interest at a certain rate of interest per annum. He noticed that the ratio between the difference of compound interest and simple interest of 3 years and that of 2 years is 25:8. The rate of interest per annum is (a) 10% (b) 11% (c) 12% (d) `12 1/2%`

Promotional Banner

Similar Questions

Explore conceptually related problems

A person lent out certain sum on simple interest and the same sum on compound interest at a certain rate of interest per annum. He noticed that the ratio between the difference of compound interest and simple interest of 3 years and 2 years is 16:49. The rate of interest per annum is

Find the difference betweeen compound interest and simple interest of Rs 10,000 for 2 years at the rate of interest 10% per annum.

Calculate the difference between compound interest and simple interest of Rs 4000 for 2 years at the rate of interest 10% per annum.

The difference of compound interest and simple interest for 3 years and for 2 years are in ratio 23:7 respectively. What is rate of interest per annum (in %)?

Find the sum of money if the difference between compound interest and simple interest for 3 years becomes Rs 930 at the rate of 10% interest per annum.

Find the sum of money if the difference between compound interest and simple interest for 2 years at the rate of 9% interest per annum is Rs. 129.60

On what sum the difference between the compound interest and simple interest for 2 years at 5% per annum is Rs25.

At the rate of compound interest of 10% per annum, find the sum of money for which the difference of compound interest and the simple interest in 2 years is Rs. 500.

What will be the difference between the compound interest and simple interest on a sum of Rs 100 at 10% per annum for 2 years?