Home
Class 7
MATHS
In calculating the time for charging the...

In calculating the time for charging the interest, the day on which the money is borrowed and the day on which money is repaid are included. True or False ?

Text Solution

Verified by Experts

The correct Answer is:
False
Promotional Banner

Topper's Solved these Questions

  • SIMPLE INTEREST AND COMPOUND INTEREST

    PEARSON IIT JEE FOUNDATION|Exercise Short Answer Type Questions|15 Videos

  • SIMPLE INTEREST AND COMPOUND INTEREST

    PEARSON IIT JEE FOUNDATION|Exercise Easay Type Questions|5 Videos

  • SIMPLE INTEREST AND COMPOUND INTEREST

    PEARSON IIT JEE FOUNDATION|Exercise Level 3|9 Videos

  • Set theory

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

  • STATISTICS

    PEARSON IIT JEE FOUNDATION|Exercise CONCEPT APPLICATION (LEVEL 3)|11 Videos

Similar Questions

Explore conceptually related problems

Find the rate of Simple interest by which a given money is doubled in 15 years

The percentage by which the money the borrower pays back exceeds the money that was borrowed is called as

The rate of interest on which commercial banks borrow money from RBI to meet their short term credit needs is known as:

15 boys earn 750 in 5 days, then how much money 25 boys will earn in 6 days?

The rate of simple interest at which a sum of money becomes three times in 25 years is :

PEARSON IIT JEE FOUNDATION-SIMPLE INTEREST AND COMPOUND INTEREST -Very Short Answer Type Questions
  1. The extra money paid by a borrower for using another person's money is...

    Text Solution

    |

  2. Simple interest is calculated on the (original) principal for the enti...

    Text Solution

    |

  3. In calculating the time for charging the interest, the day on which th...

    Text Solution

    |

  4. Simple interest on a principal of Rs. 100 for 2 years at the rate of 5...

    Text Solution

    |

  5. When the interest is calculated annually, simple interest and compound...

    Text Solution

    |

  6. A sum of Rs. 2000 amounts to Rs. 3000 in two years at simple interst. ...

    Text Solution

    |

  7. In compound interest, principal changes periodically.

    Text Solution

    |

  8. Find the compound interest on Rs. 1000 at 5% per annum for one year, c...

    Text Solution

    |

  9. Compound interest for one year on Rs. 400 calculatedd half yearly at 1...

    Text Solution

    |

  10. A person borrowed Rs. 100 at the rate of 10% per annum, compounded ann...

    Text Solution

    |

  11. A' provides loan at the rate of 7% per annum, simple interest and 'B' ...

    Text Solution

    |

  12. The time period after which interest is added each time to form a new ...

    Text Solution

    |

  13. Bank A provides loan at 5% per annum at simple interest and Bank B pro...

    Text Solution

    |

  14. If P is the principal, R is the rate of interest per annum and n is th...

    Text Solution

    |

  15. A certain sum becomes Rs. 2400 in 10 years at the rate of 2% per annum...

    Text Solution

    |

  16. A certain sum amounts to Rs. 320 at 6% per anuum simple interest and t...

    Text Solution

    |

  17. If P = Rs. 2500, R=20% per annum, then in what time will it amount to ...

    Text Solution

    |

  18. A certain sum amounts to Rs. 4800 in 4 years and to Rs. 5250 in 5 year...

    Text Solution

    |

  19. In how many years, will Rs. 2200 amount to Rs. 2266 when money is borr...

    Text Solution

    |

  20. If P=Rs. 5550 and R=12% per annum simple interest. In what time will i...

    Text Solution

    |