Question : What will be the simple interest on a sum of INR 12,000 at the rate of 15 percent per annum for three years?
Option 1: INR 7,200
Option 2: INR 6,000
Option 3: INR 5,400
Option 4: INR 4,500
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Correct Answer: INR 5,400
Solution : Given: A sum of INR 12,000 at the rate of 15 percent per annum for three years. We know, Simple interest = $\frac{\text{Principal × Rate × Time}}{100}=\frac{12000\times 15\times 3}{100}=$ INR 5,400 Hence, the correct answer is INR 5,400.
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Question : A man invests a total sum of INR 10,000 in a company. A part of the sum was invested at 10% simple interest per annum and the remaining part, at 15% simple interest per annum. If the total interest accrued in two years equals INR 2,400, the sum invested at 15% simple
Question : Sum INR 20,000 and INR 40,000 are given on simple interest at the rate of 10% and 15% per annum respectively for three years. What will be the total simple interest?
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Question : What is the compound interest on a sum of INR 25,000 after three years at a rate of 12 percent per annum interest compounded yearly?
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