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Raima took a loan of Rs. 1500 with simple interest for as many years as the rate of interest. If she paid Rs. 960 as interest at the end of the loan period, what was the rate of interest?
Interest = loan * interest rate * duration, with interest rate = duration
Thus 960 = 1500 * interest rate * interest rate
interest rate = 8%
The difference between the simple interest received from two different sources on Rs. 1500 for 3 years is Rs. 1.350. The difference between their rates of interest is:
There is 40% increase in an amount in 8 years at simple interest. What will be the compound interest of Rs. 1,600 after 3 years at the same rate?
Ahaan lent Rs 1200 to Bhargav for 3 years at certain rate of simple interest and Rs 1000 to Pulkit for the same time at the same rate.
If he gets Rs 50 more from Bhargav than from Pulkit , then what is the percent rate ?
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