Home
Class 6
MATHS
How much interest will be paid at rate o...

How much interest will be paid at rate of `6%` per annum on a borrowing of Rs. 800 for 2 years?

Text Solution

Verified by Experts

The correct Answer is:
Rs. 96
Interest of be paid `=800xx(6)/(100)xx2`
=96
Promotional Banner

Topper's Solved these Questions

  • PERCENTAGES AND THEIR APPLICATIONS

    PEARSON IIT JEE FOUNDATION|Exercise CROSSWORD|1 Videos

  • PERCENTAGES AND THEIR APPLICATIONS

    PEARSON IIT JEE FOUNDATION|Exercise CONCEPT APPLICATION|5 Videos

  • NUMBERS

    PEARSON IIT JEE FOUNDATION|Exercise CROSSWORD|1 Videos

  • RATIO AND PROPORTION

    PEARSON IIT JEE FOUNDATION|Exercise Crossword|1 Videos

Similar Questions

Explore conceptually related problems

How much will be the amount to be paid after 2 years on a borrowing of Rs. 4000 at an interest of 10% per annum?

How much simple interest is to be paid on a loan of Rs.20000 at 18% per annum for a period of 3 yeaRs.?

A builder borrows Rs. 2550 to be paid back with compound interest at the rate of 4% per annum by the end of 2 years in two equal yearly installments. How much will each installment be?