Applied Mathematics - Simple Interest (problems based on basic information)
If a person receives 960 as interest over 4 years at a rate of 8%, what is the principal amount?
A
Rs.2500
B
Rs.3000
C
Rs.3500
D
Rs.4000
The interest on a certain amount at 10% for 3 years is 1200. What will be the total amount (Principal + Interest) at the same rate for 5 years?
A
Rs.5200
B
Rs.5400
C
Rs.5600
D
Rs.6000