Home
Class 14
MATHS
The simple interest accrued in 9 years o...

The simple interest accrued in 9 years on a principal of ₹24.250 is 162 per cent of the principal. What is the rate of interest p.c.p.a.?

A

22

B

16

C

18

D

Cannot be determined

Text Solution

Verified by Experts

The correct Answer is:
C

Interest = 162 % of the principal
`therefore "Interest"/"Principal" = 162/100` .
`therefore "Rate" = ("Interest"xx100)/("Principal"xx "Time" ) = 162/100xx100/9`
. `= 18 % "per annum"`
Promotional Banner

Topper's Solved these Questions

  • SERIES

    IBPS & SBI PREVIOUS YEAR PAPER|Exercise MCQs|280 Videos
  • SIMPLIFICATION

    IBPS & SBI PREVIOUS YEAR PAPER|Exercise MCQ|332 Videos
IBPS & SBI PREVIOUS YEAR PAPER-SIMPLE INTEREST AND COMPOUND INTEREST -MCQs
  1. Mr. Nair's monthly salary is ₹ 22,500. He took a loan of ₹ 30,000 on s...

    Text Solution

    |

  2. The compound interest accrued on an amount at the end of two years at ...

    Text Solution

    |

  3. The simple interest accrued in 9 years on a principal of ₹24.250 is 16...

    Text Solution

    |

  4. The compound interest accrued in two years on a principal amount of ₹1...

    Text Solution

    |

  5. The compound interest accrued in two years on a principal amount of ₹1...

    Text Solution

    |

  6. The difference between the compound interest and the simple interest a...

    Text Solution

    |

  7. What would be the simple interest accrued in four years on a principal...

    Text Solution

    |

  8. What is the difference between the compound interest and simple intere...

    Text Solution

    |

  9. What would be the simple interest accrued in 4 years on a principal of...

    Text Solution

    |

  10. What is the difference between the compound interest and simple intere...

    Text Solution

    |

  11. Mr. X invested a certain amount in Debt and Equity Funds in the ratio ...

    Text Solution

    |

  12. The simple interest accrued on an amount of ₹22,500 at the ends of fou...

    Text Solution

    |

  13. What would be the compound interest obtained on an amount of ₹7,640 at...

    Text Solution

    |

  14. What will be the compound interest on a sum of ₹7500/- at 4 p.c.pa in ...

    Text Solution

    |

  15. In how many years will ₹4600 amount to ₹5428 at 3 p.c.p.a. simple int...

    Text Solution

    |

  16. What is the difference between the simple and compound interest on ₹7,...

    Text Solution

    |

  17. Simple interest on a sum of money for 4 yr at 7 p.c.p.a is ₹3584. what...

    Text Solution

    |

  18. A sum of ₹2200 is invested at two different at two rates of interest. ...

    Text Solution

    |

  19. The simple interest accrued on an amount of ₹16,500 at the end of thre...

    Text Solution

    |

  20. The compound intesret earned on a sum in 3 years at 15% per annum comp...

    Text Solution

    |