Home
Class 8
MATHS
Q. A sum of Rs. 10 is lent to be returne...

Q. A sum of Rs. 10 is lent to be returned in 11 monthly instalments of Re.1 each, interest being simple. The rate of interest is: (a) `9 1/11% `(b) 10% (c) 11% (d) `21 9/11% `

Promotional Banner

Similar Questions

Explore conceptually related problems

Rs 10 is to be paid in 11 monthly installment. If each installment is of Rs. 1. Find the rate of interest per annum.

On a sum of money, the simple interest for 2 years is Rs 660, while the compound interest is Rs 696.30, the rate of interest being the same in both the cases. The rate of interest is (a) 10% (b) 10.5% (c) 12% (d) None of these

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%

The sum required to earn a monthly interest of Rs. 400 at 10% per annum at simple Interest Is (a) Rs. 45000 (b) Rs. 48000 (c) Rs. 56000 (d) Rs. 40000

The bankers discount on a certain sum due 2 years hence is (11)/(10) of the true discount.The rate percent is (a) 11%(b)10%(c)5% (d) 5.5%

Simple interest on a certain sum at a certain annual rate of interest is (1)/(9) of the sum.If the numbers representing rate percent and time in years be equal,then the rate of interest is 3(1)/(3)% (b) 5% (c) 6(2)/(3)% (d) 10%

The simple interest on a certain sum of money at the rate of 5% p.a. for 8 years is Rs 840. At what rate of interest the same amount of interest can be received on the same sum after 5 years? (a) 6% (b) 8% (c) 9% (d) 10%