Home
Class 7
MATHS
A man borrowed Rs. 1000 to build a house...

A man borrowed Rs. 1000 to build a house. He pays. `5%` per annum simple interest. He lets the house and receives a rent of Rs. `12.50` per month. In how many years he is expected to clear the debt ?

A

7

B

15

C

10

D

8

Text Solution

Verified by Experts

The correct Answer is:
C
Promotional Banner

Topper's Solved these Questions

  • SIMPLE INTEREST

    S CHAND IIT JEE FOUNDATION|Exercise Questions Bank |25 Videos

  • SETS

    S CHAND IIT JEE FOUNDATION|Exercise Self Assessment Sheet |10 Videos

  • TIME AND WORK

    S CHAND IIT JEE FOUNDATION|Exercise Self Assessment Sheet - 13|15 Videos

Similar Questions

Explore conceptually related problems

Brinda borrowed Rs. 1000 to build a hut. She pays 5% simple interest . She lets the hut to Ramu and receives the rent of Rs. 12(1)/(2) per month from Ramu. In how many years Brinda ought to clear off the debt ?

A borrows Rs. 800 at the rate of 12% per annum simple interest and B borrows Rs. 910 at the rate of 10% per annum, simple interest. In how many years will their amounts of debt be equal ?

MsAyesha borrowed Rs 1000 at 5% per annum simple interest. What amount (in rupees) will she pay to dear her debt after 4 years?

Ms Ayesha borrowed Rs 1000 at 5% per annum simple interest. What amount (in rupees) will she pay to clear her debt after 4 years?

Deksha borrowed Rs. 500 at 5% per annum simple interest. 'What amount (in rupees) will she pay to clear her debt after 4 years?

In how many years, a sum of Rs. 500 at 5% per annum at simple interest amount to Rs. 600?