Home
Class 8
MATHS
A man who borrowed a certain sum agrees ...

A man who borrowed a certain sum agrees to repay it by paying Rs. 4032 at the end of the first year and Rs. 10075 at the end of the second year. If the rate of simple interest is 12% per annum, find the sum borrowed.

Text Solution

Verified by Experts

The correct Answer is:
P = Rs 11766.81 (Approximately)
Promotional Banner

Topper's Solved these Questions

  • SIMPLE INTEREST AND COMPOUND INTEREST

    PEARSON IIT JEE FOUNDATION|Exercise EXAMPLE 9.11|1 Videos

  • SIMPLE INTEREST AND COMPOUND INTEREST

    PEARSON IIT JEE FOUNDATION|Exercise EXAMPLE 9.12|1 Videos

  • SIMPLE INTEREST AND COMPOUND INTEREST

    PEARSON IIT JEE FOUNDATION|Exercise EXAMPLE 9.9|1 Videos

  • SETS

    PEARSON IIT JEE FOUNDATION|Exercise CONCEPT APPLICATION (LEVEL 3) |8 Videos

  • SQUARES AND SQUARE ROOTS AND CUBES AND CUBE ROOTS

    PEARSON IIT JEE FOUNDATION|Exercise Level 3|7 Videos

Similar Questions

Explore conceptually related problems

A man borrowed some money and agreed to pay- off by paying Rs 3150 at the end of the 1st year and Rs 4410 at the end of the 2nd year. If the rate of compound interest is 5% per annum, then the sum is:

Find the rate of simple interest per annum, if a sum borrowed becomes double in 5 years.

A certain sum of money becomes Rs 2100 in 4 years and Rs 2550 in 7 years. Find the rate of simple interest per annum.

Find the rate of simple interest per annum. If the sum borrowed becomes 3 times itself in 12 years.

Rachana borrowed a certain sum at the rate of 15% per annum. If she paid at the end of two years Rs 1290 as interest compounded annually, find the sum she borrowed.

A sum amounts to Rs. 5600 in 4 years and Rs. 6400 in 6 years at a certain rate of simple interest. Find the rate of interest per annum and the sum.

PEARSON IIT JEE FOUNDATION-SIMPLE INTEREST AND COMPOUND INTEREST -EXAMPLE 9.10
  1. A man who borrowed a certain sum agrees to repay it by paying Rs. 4032...

    Text Solution

    |