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The simple interest on a certain sum of ...

The simple interest on a certain sum of money at the rate of 5% per annum for 8 years is Rs.840. Rate of interest for which the same amount of interest can be received on the same sum after 5 years is :

A

0.06

B

0.08

C

0.09

D

0.1

Text Solution

Verified by Experts

The correct Answer is:
B
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MAHENDRA-SIMPLE INTEREST & COMPOUND INTEREST-EXERCISE
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  12. Find the compound interest on Rs. 15625 for 9 months at 16% per annum ...

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  13. In how many years will a sum of Rs. 800 at 10% per annum compounded se...

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  14. If the compound interest on a sum for 2 years at 12(1)/2% per annum i...

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  15. The compound interest on a certain sum for 2 years at 10% per annum i...

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  16. The simple interest on a certain sum of money for 3 years at 8% per an...

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  17. There is 60% increase in an amount in 6 years at the rate of simple in...

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  18. Sum of money invested at compound interest amounts to Rs. 4624 in 2 ye...

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  20. Durgesh borrowed an amount of Rs. 15,000 at the simple interest rate o...

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