Home
Class 7
MATHS
If a sum was Rs. 10000 more and was lent...

If a sum was Rs. 10000 more and was lent at S.I. for 2 years at 10% per annum, then the extra interest would be ____ (in Rs. ).

A

4000

B

1000

C

2000

D

500

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to calculate the extra interest earned when an additional sum of Rs. 10,000 is lent at simple interest for 2 years at a rate of 10% per annum. ### Step-by-Step Solution: 1. **Identify the given values**: - Extra sum (Principal, P) = Rs. 10,000 - Rate of interest (R) = 10% per annum - Time (T) = 2 years 2. **Use the Simple Interest formula**: The formula for Simple Interest (SI) is: \[ \text{SI} = \frac{P \times R \times T}{100} \] 3. **Substitute the values into the formula**: \[ \text{SI} = \frac{10,000 \times 10 \times 2}{100} \] 4. **Calculate the interest**: - First, calculate the numerator: \[ 10,000 \times 10 \times 2 = 200,000 \] - Now, divide by 100: \[ \text{SI} = \frac{200,000}{100} = 2,000 \] 5. **Conclusion**: The extra interest earned on the additional Rs. 10,000 lent at simple interest for 2 years at 10% per annum is Rs. 2,000. ### Final Answer: The extra interest would be **Rs. 2,000**. ---

To solve the problem, we need to calculate the extra interest earned when an additional sum of Rs. 10,000 is lent at simple interest for 2 years at a rate of 10% per annum. ### Step-by-Step Solution: 1. **Identify the given values**: - Extra sum (Principal, P) = Rs. 10,000 - Rate of interest (R) = 10% per annum - Time (T) = 2 years ...
Promotional Banner

Topper's Solved these Questions

  • SIMPLE INTEREST AND COMPOUND INTEREST

    PEARSON IIT JEE FOUNDATION|Exercise Level 3|9 Videos
  • SIMPLE INTEREST AND COMPOUND INTEREST

    PEARSON IIT JEE FOUNDATION|Exercise Level 1|31 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

A sum of Rs4000 is lent for 5 years at the rate of 15% per annum.Find the interest.

A sum of Rs4000 is lent for 5 years at the rate of 15% per annum.Find the interest.

A sum of Rs.400 is lent for 3 years at the rate of 6% per annum.Find the interest.

A sum of Rs. 10000 is lent partly at 8% per annum and rest at 10% per annum. If the yearly interest on the average is 9.2% , what are the two parts ?

A sum of Rs 800is lent for one year at the rate of 18% per annum.Find the interest.

A sum of Rs 10000 is lent at 8 % and remaining at 10 % per annum .if the yearly interest on the average is 9.2 % , then both parts are respectively .

S.I. on a sum of money is Rs. 750 for 2 years at 10% per annum. Find the C.I. on that sum for 2 years.

A sum of money amounts to Rs. 1500 in 5 years at 10% per annum at simple interest. Find the sum.

If the compound interest on a certain sum for 2 years at 10% per annum is Rs 1050, the sum is

PEARSON IIT JEE FOUNDATION-SIMPLE INTEREST AND COMPOUND INTEREST -Level 2
  1. Sushma deposited Rs. 6500 which amounted to Rs. 7800 in 4 years at sim...

    Text Solution

    |

  2. The cost of a scooter is Rs. 10000. Its value depreciates at the rate ...

    Text Solution

    |

  3. A person borrowed Rs. 8000 at 2(1)/(2)% per annum under S.I. The sum b...

    Text Solution

    |

  4. A boy's height is increasing at the rate of 2% when compared to that o...

    Text Solution

    |

  5. Ramu invested a sum of Rs. 12500 at 12% per annum compound interest. H...

    Text Solution

    |

  6. The rate of interest for a sum that becomes (729)/(576) times itself i...

    Text Solution

    |

  7. A person deposited Rs. 6000 in a bank for 2 years. At the end of the f...

    Text Solution

    |

  8. A sum amounts to Rs. 3600 at 2% per annum under simple interest and Rs...

    Text Solution

    |

  9. Find the compound interest on Rs 50,000 for 3 years, compounded annual...

    Text Solution

    |

  10. A person invested one-fifth of the capital at 5% per annum, one-sixth ...

    Text Solution

    |

  11. Kailash set up a factory by investing Rs. 1000000. During the first tw...

    Text Solution

    |

  12. In what time will the sum of Rs. 1875 yield a compound interest of Rs....

    Text Solution

    |

  13. Find the simple interest on Rs. 1098 at 5% per annum from 5 May 1996 t...

    Text Solution

    |

  14. A certain sum was invested at a certain rate at simple interest. It to...

    Text Solution

    |

  15. A certain sum amounts to Rs. 900 at simple interest in 5 years. It amo...

    Text Solution

    |

  16. Find the difference between the simple interest and the compound inter...

    Text Solution

    |

  17. If a sum was Rs. 10000 more and was lent at S.I. for 2 years at 10% pe...

    Text Solution

    |

  18. Rs. 2000 was lent at 40% per annum at simple interest for 1 year. If i...

    Text Solution

    |

  19. Find the simple interest on Rs. 3000 at 10% per annum from January 1, ...

    Text Solution

    |

  20. A certain sum was invested at a certain rate of simple interest. It to...

    Text Solution

    |