(A) Simple interest paid by Brinda on ₹ $1000$ for $1$ year $= \frac{1000 \times 5 \times 1}{100} = ₹ 50$.Rent received by Brinda from Ramu in $1$ yea

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(A) Simple interest paid by Brinda on ₹ $1000$ for $1$ year $= \frac{1000 \times 5 \times 1}{100} = ₹ 50$.Rent received by Brinda from Ramu in $1$ year $= 12 \frac{1}{2} \times 12 = 12.5 \times 12 = ₹ 150$.Net savings per year $= \text{Rent received} - \text{Interest paid} = 150 - 50 = ₹ 100$.To clear the debt of ₹ $1000$,the time required $= \frac{\text{Total Debt}}{\text{Net savings per year}} = \frac{1000}{100} = 10 \text{ years}$.

Competitive Quantitative Aptitude Interest Simple Interest

Medium

Brinda borrowed ₹ $1000$ to build a hut. She pays $5 \%$ simple interest. She lets the hut to Ramu and receives a rent of ₹ $12 \frac{1}{2}$ per month from Ramu. In how many years would Brinda clear off the debt?

A
$10$
B
$10.25$
C
$10.50$
D
None of these

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Interest

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Simple Interest

Simple interest on a certain sum is $\frac{16}{25}$ of the sum. If the rate per cent and time (in years) are equal,then the rate per cent is:

Medium

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$A$ certain sum of money amounts to ₹ $918$ in $2$ $years$ and ₹ $969$ in $3.5$ $years$ at simple interest. What is the rate of interest (in $\%$ $p.a.$)?

Medium

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At what rate per cent of simple interest will a sum of money double itself in $12$ years?

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If the difference between the simple interest on a certain sum for $4$ $years$ at $2 \frac{1}{2} \%$ per annum and the simple interest on the same sum for the same period at $3 \%$ per annum is ₹ $60$,then the sum (in ₹) is:

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Brinda borrowed ₹ $1000$ to build a hut. She pays $5 \%$ simple interest. She lets the hut to Ramu and receives a rent of ₹ $12 \frac{1}{2}$ per month from Ramu. In how many years would Brinda clear off the debt?

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