ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Find the simple interest earned:Principal $90 Interest Rate 5% Time 6 months
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92.10
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31.50
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2.25
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208.81
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Explanation:
Detailed explanation-1: -=125. Rs. Was this answer helpful?
Detailed explanation-2: -The rate of interest i.e., Rate = 8% p.a. Thus, the simple interest is Rs. 224.
Detailed explanation-3: -The simple interest of a loan for $1, 000 with 5 percent interest after 3 years is $ 150.
Detailed explanation-4: -Given: SI = 100. r = 10% t = 6 month = 6/12 year. Concept used: SI = Prt/100. P → princiapl r → rate of interest. Calculation: 100 = (P × 10 × 6)/(12 × 100) P = (100 × 100 × 12)/(10 × 6) P = 2000. Download Soln PDF. Share on Whatsapp.
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