Maths-
General
Easy

Question

At what rate percent per annum, simple interest will be Rs. 3600 amount to Rs. 4734 in 3 ½ years?

hintHint:

Find simple interest from total and principal amount given and then find the rate of interest.

The correct answer is: 9%.


    Complete step by step solution:
    We know the formula for total amount = A = P + SI…(i)
    where A is the total amount, P is the principal amount and SI is simple interest.
    Here, we have A = 4734 Rs and P = 3600 Rs
    On substituting the known values in (i), we get SI = 4734 - 3600 = 1134
    So, we have SI = 1134 Rs
    We calculate simple interest by the formula,S I equals fraction numerator P T R over denominator 100 end fraction…(ii)
    where P is Principal amount, T is number of years and R is rate of interest
    Here, we have SI = 1134,P = 3600 ,T = 3.5 and R = ?
    On substituting the known values in (ii), we get 1134 equals fraction numerator 3600 cross times 3.5 cross times R over denominator 100 end fraction
    table attributes columnalign right left right left right left right left right left right left columnspacing 0em 2em 0em 2em 0em 2em 0em 2em 0em 2em 0em end attributes row cell not stretchy rightwards double arrow R equals fraction numerator 1134 cross times 100 over denominator 3600 cross times 3.5 end fraction end cell row cell not stretchy rightwards double arrow R equals 113400 over 12600 equals 9 straight percent sign end cell end table
    Hence the rate of interest R is 9%.
    At 9% per annum, simple interest will be Rs 3600 amount to Rs 4734 in 3.5 years.

    Related Questions to study

    General
    Maths-

    A group of friends decided to divide the straight $ 20 cost of a trip equally among themselves. When two of the friends decided not to go on the trip, those remaining still divided the straight $ 800 cost equally, but each friend's share of the cost increased by. straight $ 20 How many friends were in the group originally?

    A group of friends decided to divide the straight $ 20 cost of a trip equally among themselves. When two of the friends decided not to go on the trip, those remaining still divided the straight $ 800 cost equally, but each friend's share of the cost increased by. straight $ 20 How many friends were in the group originally?

    Maths-General
    General
    Maths-

    Jaime is preparing for a bicycle race. His goal is to bicycle an average of at least 280 miles per week for 4 weeks. He bicycled 240 miles the first week, 310 miles the second week, and 320 miles the third week. Which inequality can be used to represent the number of miles, x , Jaime could bicycle on the 4th week to meet his goal?

    Jaime is preparing for a bicycle race. His goal is to bicycle an average of at least 280 miles per week for 4 weeks. He bicycled 240 miles the first week, 310 miles the second week, and 320 miles the third week. Which inequality can be used to represent the number of miles, x , Jaime could bicycle on the 4th week to meet his goal?

    Maths-General
    General
    Maths-

    A website-hosting service charges businesses a onetime setup fee of straight $ 350 plus d dollars for each month. If a business owner paid straight $ 1 comma 010 for the first 12 months, including the setup fee, what is the value of  d ?

    A website-hosting service charges businesses a onetime setup fee of straight $ 350 plus d dollars for each month. If a business owner paid straight $ 1 comma 010 for the first 12 months, including the setup fee, what is the value of  d ?

    Maths-General
    parallel
    General
    Maths-

    2 left parenthesis 5 x minus 20 right parenthesis minus left parenthesis 15 plus 8 x right parenthesis equals 7
    What value of  satisfies the equation above?

    2 left parenthesis 5 x minus 20 right parenthesis minus left parenthesis 15 plus 8 x right parenthesis equals 7
    What value of  satisfies the equation above?

    Maths-General
    General
    Maths-

    A laboratory supply company produces graduated cylinders, each with an internal radius of 2 inches and an internal height between 7.75 inches and 8 inches. What is one possible volume, rounded to the nearest cubic inch, of a graduated cylinder produced by this company?

    A laboratory supply company produces graduated cylinders, each with an internal radius of 2 inches and an internal height between 7.75 inches and 8 inches. What is one possible volume, rounded to the nearest cubic inch, of a graduated cylinder produced by this company?

    Maths-General
    General
    Maths-

    In the xy-plane, the graph of y equals 3 x squared minus 14 x intersects the graph of y =x at the points (0,0) and (a, a). What is the value of a?

    In the xy-plane, the graph of y equals 3 x squared minus 14 x intersects the graph of y =x at the points (0,0) and (a, a). What is the value of a?

    Maths-General
    parallel
    General
    Maths-

    Snow fell and then stopped for a time. When the snow began to fall again, it fell at a faster rate than it had initially. Assuming that none of the snow melted during the time indicated, which of the following graphs could model the total accumulation of snow versus time?

    Snow fell and then stopped for a time. When the snow began to fall again, it fell at a faster rate than it had initially. Assuming that none of the snow melted during the time indicated, which of the following graphs could model the total accumulation of snow versus time?

    Maths-General
    General
    Maths-

    text  If  end text square root of x plus square root of 9 equals square root of 64 text , what is the value of  end text x text  ?  end text

    text  If  end text square root of x plus square root of 9 equals square root of 64 text , what is the value of  end text x text  ?  end text

    Maths-General
    General
    Maths-

    The line with the equation 4 over 5 x plus 1 third y equals 1 is graphed in the xy-plane. What is the x-coordinate of the x-intercept of the line?

    The line with the equation 4 over 5 x plus 1 third y equals 1 is graphed in the xy-plane. What is the x-coordinate of the x-intercept of the line?

    Maths-General
    parallel
    General
    Maths-


    The table above shows some values of the functions w and t . For which value of x is w left parenthesis x right parenthesis plus t left parenthesis x right parenthesis equals x ?


    The table above shows some values of the functions w and t . For which value of x is w left parenthesis x right parenthesis plus t left parenthesis x right parenthesis equals x ?

    Maths-General
    General
    Maths-

    Solve each inequality and graph the solution :
    fraction numerator negative 3 x over denominator 8 end fraction minus 20 plus 2 x greater than 6

    Note:
    When we have an inequality with the symbols < or > , we use dotted lines to graph them. This is because we do not include the end point of the inequality.

    Solve each inequality and graph the solution :
    fraction numerator negative 3 x over denominator 8 end fraction minus 20 plus 2 x greater than 6

    Maths-General

    Note:
    When we have an inequality with the symbols < or > , we use dotted lines to graph them. This is because we do not include the end point of the inequality.

    General
    Maths-


    The graph above shows the positions of Paul and Mark during a race. Paul and Mark each ran at a constant rate, and Mark was given a head start to shorten the distance he needed to run. Paul finished the race in 6 seconds, and Mark finished the race in 10 seconds. According to the graph, Mark was given a head start of how many yards?


    The graph above shows the positions of Paul and Mark during a race. Paul and Mark each ran at a constant rate, and Mark was given a head start to shorten the distance he needed to run. Paul finished the race in 6 seconds, and Mark finished the race in 10 seconds. According to the graph, Mark was given a head start of how many yards?

    Maths-General
    parallel
    General
    Maths-

    Solve each inequality and graph the solution :
    -2.1x+2.1<6.3

    Note:
    When we have an inequality with the symbols < or > , we use dotted lines to graph them. This is because we do not include the end point of the inequality.

    Solve each inequality and graph the solution :
    -2.1x+2.1<6.3

    Maths-General

    Note:
    When we have an inequality with the symbols < or > , we use dotted lines to graph them. This is because we do not include the end point of the inequality.

    General
    Maths-

    Solve each inequality and graph the solution :
    2.1x≥6.3

    Note:
    Whenever we use the symbol ≤ or ≥ , we use the endpoint as well. So, we use complete line to graph the solution.

    Solve each inequality and graph the solution :
    2.1x≥6.3

    Maths-General

    Note:
    Whenever we use the symbol ≤ or ≥ , we use the endpoint as well. So, we use complete line to graph the solution.

    General
    Maths-

    Which expression is equivalent to
    open parentheses 2 x squared minus 4 close parentheses minus open parentheses negative 3 x squared plus 2 x minus 7 close parentheses space ?

    Which expression is equivalent to
    open parentheses 2 x squared minus 4 close parentheses minus open parentheses negative 3 x squared plus 2 x minus 7 close parentheses space ?

    Maths-General
    parallel

    card img

    With Turito Academy.

    card img

    With Turito Foundation.

    card img

    Get an Expert Advice From Turito.

    Turito Academy

    card img

    With Turito Academy.

    Test Prep

    card img

    With Turito Foundation.