The symbolic form of "simple interest I) is one hundeths of the product principle (I'), time period(T) in years, and rate of interest (R)" is_____.
The correct Answer is:I=PTR100
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Knowledge Check
- Question 1 - Select One
A certain sum amounts to four times the principal within a period of 2 years. The rate of simple interest per annum is
A150%B15%C1.5%D10% - Question 1 - Select One
The simple interest of Rs 2,000 is increased by Rs 40 if the time is increased 4 years. Find the rate of interest.
A0.5%B1.5%C0.7%D1.7% - Question 1 - Select One
The simple interest on a principal is one-fifth of the given principal at the end of five years. What is the rate of interest per annum?
Aa) 2.5%Bb) 5%Cc) 4%Dd) 2% - Question 1 - Select One
The simple interest on a sum of money in 12 years is three times of the principal. Find the rate of interest.
A1313%B25%C623%D10% - Question 1 - Select One
A certain sum amounts to four times the principal within a period of 2 years. The rate of simple interest per annum is
A1.5B0.15C1.5%DNone of these - Question 1 - Select One
If ratio of principal and simple interest for 1 year is 25 : 1, then the rate of interest is
A0.04B0.25C0.05D0.2
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