In what time (in $years$) will ₹ $1200$ become ₹ $1344$ at $6 \%$ per annum simple interest?

  • A
    $2.5$
  • B
    $3$
  • C
    $2$
  • D
    None of these

Explore More

Similar Questions

If a certain sum of money borrowed at $5 \%$ per annum simple interest amounts to ₹ $1020$ in $4$ years,then the sum of money (in ₹) borrowed is:

$A$ money lender claims to lend money at the rate of $10 \%$ per annum simple interest. However,he takes the interest in advance when he lends a sum for one year. At what interest rate does he lend the money actually?

What annual payment (in $Rs.$) will discharge a debt of $Rs. 770$ due in $5$ years,the rate of interest being $5 \%$ per annum?

The population of a particular area of a city is $5000$. It increases by $10 \%$ in $1^{st} \,yr$. It decreases by $20 \%$ in the $2^{nd} \,yr$ because of some reason. In the $3^{rd} \,yr$ the population increases by $30 \%$. What will be the population of the area at the end of $3$ $years$?

Difficult
View Solution

Albert invested an amount of $x$ rupees in a fixed deposit scheme offering $10 \%$ per annum for the $1^{\text{st}}$ year and $15 \%$ per annum for the $2^{\text{nd}}$ year and received an amount of ₹ $20,240$ after two years. What is $x$ (in ₹)?

Vedclass Products

For Students

Vedclass Test Series

Mock tests in real JEE/NEET style with performance analysis. 5-day free trial.

Start Free Trial
For Teachers

Exam Paper Generator

Generate Set A/B/C/D exam papers from 7.5L+ questions in 2 minutes. 3 chapters free.

Try Free
For Institutes

Online Exam Module

Live online exams with unlimited students, 360° analytics & white-label branding.

See Demo