Bihar TET · Mathematics (Paper I)
Simple interest and applications.
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Q1 · Simple Interest · EASY
A person borrows Rs 5,000 from a bank at the rate of 8% per annum simple interest. What amount will he pay back at the end of 3 years?
Q2 · Simple Interest · MEDIUM
At what rate percent per annum will a sum of Rs 4,000 amount to Rs 4,800 in 2 years under simple interest?
Q3 · Simple Interest · MEDIUM
A farmer takes a loan of Rs 12,000 at 6% per annum simple interest. After some time, he repays Rs 13,440. For how many years did he keep the loan?
Q4 · Simple Interest · HARD
A sum of money becomes Rs 9,600 in 4 years and Rs 10,800 in 6 years at simple interest. What is the principal amount?
Q5 · Simple Interest · HARD
At what rate of simple interest per annum will ₹5000 amount to ₹6500 in 3 years?