Home
Class 8
MATHS
The simple interest and compound interes...

The simple interest and compound interest on a certain sum for 2 years are Rs. 800 and Rs. 880 respectively. The rate of interests (in % per annum ) on both the sums is the same. If the interest on the sum lent at compound interest is compounded annually, find the rate of interest ( in % per annum).

Text Solution

Verified by Experts

The correct Answer is:
20
Promotional Banner

Topper's Solved these Questions

  • SIMPLE INTEREST AND COMPOUND INTEREST

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

  • SIMPLE INTEREST AND COMPOUND INTEREST

    PEARSON IIT JEE FOUNDATION|Exercise CONCEPT APPLICATION Level 1|31 Videos

  • SIMPLE INTEREST AND COMPOUND INTEREST

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

The simple interest and compound interest on a certain sum for 2 years are Rs. 2400 and Rs. 2640 respectively. The rates of interests (in % per annum) for both are the same. The interest on the sum lent at compound interest is compounded annually. Find the rate of interest (in % per annum).

The simple interest and the compound interest on a certain sum for 2 years is Rs. 1250 and Rs. 1475 respectively. Find the rate of interest.

The compound interest on a certain sum for two successive years are Rs. 225 and Rs. 238.50. The rate of interest per annum is :

If the compound interest on a certain sum for 2 years is Rs. 60.60 and the simple interest is Rs. 60, then the rate of interest per annum is

If the compound interest on a certain sum for 2 years at 4% per annum is Rs. 102 the simple interest at the same rate of interest for two years would be