Home
Class 7
MATHS
Ramu lent Rs. 2800 to Suresh at 2% per a...

Ramu lent Rs. 2800 to Suresh at 2% per annum at simple interest. After 5 years, Suresh repaid the debt by giving a cycle and Rs. 2500. What is the value of the cycle ?

Text Solution

Verified by Experts

The correct Answer is:
Rs. 580
Promotional Banner

Topper's Solved these Questions

  • 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 1|31 Videos

  • SIMPLE INTEREST AND COMPOUND INTEREST

    PEARSON IIT JEE FOUNDATION|Exercise Very Short Answer Type Questions|30 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

Calculate the amount of Rs. 2500 at 12% per annum for 8 years under simple interest.

A person lent a certain sum of money at 12% per annum simple interst. In 5 years, the interest received was Rs. 250 less than the sum lent. Find the sum letn. (in Rs.)

What sum lent out at 3% per annum simple interest would produce Rs 225 as interest in 5 years?

Romesh borrowed Rs.2000 at 2% per annum and Rs.1000 at 5% per annum.He cleared his debt after 2 years by giving Rs.2800 and a watch.What is the cost of watch?