aliensbrain
  • Home
  • Study
  • Quizzes
  • 🎤AI Practicefree
  • Notebooks
  • Community
  • Sign in
Multiple choice

The simple interest on a certain amount is Rs. 500 and the compound interest is Rs. 520 for two years. If the same amount is invested at the rate equal to the number of years, then the simple interest received is Rs. 1125. What is the interest rate?

  1. 6%

  2. 5%

  3. 4%

  4. 3%

  5. Cannot be determined

Reveal answer Fill a bubble to check yourself
A Correct answer

Keep practicing — related questions

  • Which of the following is rate of interest given to Radha, if she receives the maturity amount of Rs. 6,455...
  • Deepak opened a recurring deposit account in a bank and deposited Rs. 500 per month for 3 years. If he will...
  • Rohit opened a recurring deposit account in the bank by depositing Rs. 250 per month for 11 months. The rat...
  • Mr Ravi had invested Rs. 52,000 in 18% Rs. 200 shares at a premium of 30%. What is the total number of shar...
  • What is the total amount required to buy 150 shares, if the face value of the share is Rs. 45 and rate of p...
  • There are 30 socks in a drawer. 60% of the socks are red and the rest are blue. What is the minimum number ...
  • The book value of investment is Rs. 1, 20,000 and investment fluctuation fund is appearing at Rs. 15,000. T...
  • Which of the above two statements define the equals and hashcode contract in JAVA? Statement -1 If two obje...

Practice this chapter

  • Simple and Compound Interest (3394 questions)
Advertisement
© Aliensbrain | all rights reserved
  • About
  • Contact
  • Terms and Condition
  • Privacy Policy