Home
Class 9
MATHS
On a certain sum of money, lent out at C...

On a certain sum of money, lent out at C.I., interests for first second and third years are रु 1,500, रु 1.725 and रु 2,070 respectively. Find the rate of interest for the
(i) second year
(ii) third year.

Text Solution

Verified by Experts

The correct Answer is:
`20%`
Promotional Banner

Topper's Solved these Questions

  • COMPOUND INTEREST

    ICSE|Exercise TOPIC 1 (4 Marks Questions)|14 Videos

  • COMPOUND INTEREST

    ICSE|Exercise TOPIC 2 (3 Marks Questions)|13 Videos

  • COMPOUND INTEREST

    ICSE|Exercise EXERCISE 2 (D)|10 Videos

  • COMPLEMENTARY ANGLES

    ICSE|Exercise EXERCISE |64 Videos

  • COMPOUND INTEREST (USING FORMULA)

    ICSE|Exercise EXERCISE 3(E)|24 Videos

Similar Questions

Explore conceptually related problems

A sum of money is invested at C.I. payable annually. The amounts of interest in two successive years are रु 2,700 and रु 2,880. Find the rate of interest.

A certain sum of money, placed out at compound interest, amounts to रु 6,272 in 2 years and to रु 7,024.64 in 3 years. Find the rate of interest and the sum of money.

A certain sum of money is put at compound interest, compounded half-yearly. If the interest for two successive half-years are रु 650 and रु 760.50, find the rate of interest.

A certain sum of money amounts to 4,500 in first year, to 5,175 in second year and to 6,210 in third year. Find the rate of interest for the. second year

A sum of money lent out at simple interest amounts to ₹2880 in 2 years and to ₹3600 in 5 years. Find the sum of money and the rate of interest.

A sum of money lent out at 9 percent for 5 years produces twice as much interest as Rs. 4,800 in 4""1/2 years at 10 per cent. Find the sum.

A sum is invested at compound interest compounded yearly. If the interest for two successive years be रु 5,700 and रु 7,410, calculate the rate of interest .

A sum of money lent out at simple interest amounts to ₹20,000 in 1 year and to ₹30,000 in 5 years. Find the rate of interest and some of money.

A sum of money lent out at simple interest amounts to ₹7440 in 3 years and to ₹9360 in 7 years. Find the sum of money and the rate of interest.

A sum of money was invested for 3 years, interest being compounded annually. The rates for successive years were 10%, 15% and 18% respectively. If the compound interest for the second year amounted to 4,950, find the sum invested.