Consider the simple interest of the following
(A) The simple interest on Rs 8,930 at 6% per annum for 5 years
(B) The simple interest on Rs 3,080 at 13.50% per annum for 4 years
(C) The simple interest on Rs 7,200 at 14.00 % per annum for 7 years
(D) The simple interest on Rs. 3,120 at 4.00 % per annum for 5 years
The simple interests of these in increasing order are:
Choose the correct answer from the options given below:
Consider the simple interest of the following
(A) The simple interest on Rs 8,930 at 6% per annum for 5 years
(B) The simple interest on Rs 3,080 at 13.50% per annum for 4 years
(C) The simple interest on Rs 7,200 at 14.00 % per annum for 7 years
(D) The simple interest on Rs. 3,120 at 4.00 % per annum for 5 years
The simple interests of these in increasing order are:
Choose the correct answer from the options given below:
Solution
The simple interest formula is:
where is the principal, is the rate per annum, and is the time in years.
For option (A): Principal , Rate , Time years
For option (B): Principal , Rate , Time years
For option (C): Principal , Rate , Time years
For option (D): Principal , Rate , Time years
Comparing the simple interests:
(D)
(B)
(A)
(C)
Therefore, the simple interests in increasing order are: (D), (B), (A), (C)
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