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The simple interest and the true discount on a certain sum for a given sum for a given time at a given rate are Rs80 and Rs85 respectively the sum is?
KevinY2J
You can use this formula:
Sum =(S.I.) x (T.D.)/(S.I.) - (T.D.)
Therefore Sum = Rs. 1360
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∙ 12y ago
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What is the calculation for a simple compound interest rate?
There is simple interest and there is compound interest but this question is the first that I have heard of a simple compound interest.
What makes the simple interest simple?
It is interest on simply the original capital. After the first period, compound interest involves interest on the interest earned in previous periods and soit not simple.
What is the simple interest on 642 for 7 years at 11 percent per annum?
$494.34 Interest= principal amount * time* simple interest %
What is the simple interest of a loan for 1ooo with 5 percent interest after 3 years?
Simple interest = 1000 * 5/100 * 3 = 150
At what rate of simple interest will the interest on Rs 925 be two-fifth of it in 8 years?
At what rate of simple interest will the interest on Rs.925 be two-fifth of it in 8 years?
What is the difference of simple interest and simple discount?
Simple interest refers to interest that is only paid on principal. Simple discount refers to the amount that is deducted from the amount of the loan.
What is difference between bankers discount and true discount?
The Banker's Gain (BG) is the difference between a banker's discount and a true discount. It is a deduction with simple interest.
What simple interest rate is equivalent to the simple discount rate 6.5 in discounting an amount in 6 months?
.5
What is the meaning of simple discount?
Simple discount is the amount of money a bank is willing to lose or convey to a customer to get their business. Excellent customers of a bank, for example, might be given a discount of a rate of interest that is equal to the prime rate.
The difference between the simple and compound interest on a certain sum is Rs250 for two years at 5 percent Pa per annum Find the sum?
simple interst is when you earn interest from your principal but compound interest is when you earn interest from your principal as well as from your previous interest
Meaning of simple discount?
It is discount given by the seller.
What is the Formula for simple interest rate?
The answer for rate in simple interest is =rate= simple interest\principle*time
What is the calculation for a simple compound interest rate?
There is simple interest and there is compound interest but this question is the first that I have heard of a simple compound interest.
What is simple discount?
A simple discount is taking a percentage off of the price of the item. This is done often in retail stores.
What makes the simple interest simple?
It is interest on simply the original capital. After the first period, compound interest involves interest on the interest earned in previous periods and soit not simple.
Rs 800 becomes rs 956 in 3year at a certain rate of simple interest if the rate of interest is 4 percent what ammount will rs 800become 3 year?
896
Is the annual interest rate the same as simple interest?
Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.
