Home
Class 7
MATHS
Ramchand took a loan of Rs12,000 from hi...

Ramchand took a loan of Rs12,000 from his neighbour and agreed to repay it after 2 years at the rate of 8% per annum, simple interest. At the end of 2 years, his neighbour demanded an interest at the rate of 12%, what is the extra amount paid by the borrower?

Text Solution

Verified by Experts

The correct Answer is:
Rs. 960
Promotional Banner

Topper's Solved these Questions

  • RATIO AND ITS APPLICATIONS

    PEARSON IIT JEE FOUNDATION|Exercise CONCEPT APPLICATION (LEVEL 1)|33 Videos

  • RATIO AND ITS APPLICATIONS

    PEARSON IIT JEE FOUNDATION|Exercise CONCEPT APPLICATION (LEVEL 2)|26 Videos

  • RATIO AND ITS APPLICATIONS

    PEARSON IIT JEE FOUNDATION|Exercise SHORT ANSWER TYPE QUESTIONS|32 Videos

  • NUMBER SYSTEM

    PEARSON IIT JEE FOUNDATION|Exercise ASSESSMENT TESTS|24 Videos

  • Set theory

    PEARSON IIT JEE FOUNDATION|Exercise ASSESSMENT TEST Test 2|12 Videos

Similar Questions

Explore conceptually related problems

Find the amount of Rs 8000 after 2 years at the rate of 12% per annum compounded annuallys.

If Rs 1000 is invested for two years at simple interest at the rate of 12.5% per annum, then what is the amount ?

A man took a loan from a bank at the rate of 12% per annum at simple interest. After 3 years he had to pay Rs. 5,400 as interest only for the period. The principal amount borrowed by him was

What sum will become Rs 12,550 after 2 years at 8% per annum compound interest?

PEARSON IIT JEE FOUNDATION-RATIO AND ITS APPLICATIONS-ESSAY TYPE QUESTIONS
  1. Deepti received Rs500 as pocket money. She bought a new dress using 4...

    Text Solution

    |

  2. In a board exam,the pass percentages of a certain school for the past ...

    Text Solution

    |

  3. A certain concrete mix needs cement, fine aggregate, and coarse aggreg...

    Text Solution

    |

  4. The ratio of Ram's savings to his expenditure is 5:2 and that of Manu ...

    Text Solution

    |

  5. The ratio of the number of boys to that of girls in a school is 3:4. T...

    Text Solution

    |

  6. In an exam, there were 50 questions and each question carries 4 marks....

    Text Solution

    |

  7. Ramchand took a loan of Rs12,000 from his neighbour and agreed to repa...

    Text Solution

    |

  8. How much time will a 200m long train running at 15 m/s take to cross a...

    Text Solution

    |

  9. A farmer can plough a farm in 10 days by working 5 h a day. In how man...

    Text Solution

    |

  10. By working together, A and B can finish a work in 15 days. If B alone ...

    Text Solution

    |

  11. A pipe can fill an empty tank in 5 h and there is an emptying pipe whi...

    Text Solution

    |

  12. A trader marked his articles 20% above cost price. The cost price per ...

    Text Solution

    |

  13. A train of length 120 m, travelling at 30 m/s takes 30 s to overtake ...

    Text Solution

    |

  14. Two pipes A and B can fill a tank in 5 h and 8h, respectively. Both th...

    Text Solution

    |

  15. The present ages of Ram and Sita are in ratio of 5:6. The product of t...

    Text Solution

    |

  16. Ram can do a work in 20 days. Raj can do (1/30) of a piece of work in...

    Text Solution

    |

  17. Find the value of y, if 8:5 = y^(2) : 40 (y gt 0)

    Text Solution

    |

  18. A train crosses a stationary pole in 20 s when it is travelling at 54 ...

    Text Solution

    |