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A day full of math games & activities. Find one near you.
A day full of math games & activities. Find one near you.
A day full of math games & activities. Find one near you.
Amount received on ₹3000 for 2 years at the rate of 11% per annum is
(a) ₹2340
(b) ₹3660
(c) ₹4320
(d) ₹3330
Solution:
Given, the sum is ₹3000
We have to find the amount received for 2 years at the rate of 11% per annum.
Interest, I = P × R × T/100
According to the question,
P = ₹3000
R = 11%
T = 2 years
I = 3000 × 11 × 2/100
= 30 × 22
= ₹660
We know, Amount = Principal + Interest
Amount = 3000 + 660
= 3660
Therefore, the amount received is ₹3660.
✦ Try This: Amount received on ₹2500 for 3 years at the rate of 10% per annum is
☛ Also Check: NCERT Solutions for Class 7 Maths Chapter 8
NCERT Exemplar Class 7 Maths Chapter 7 Problem 15
Amount received on ₹3000 for 2 years at the rate of 11% per annum is (a) ₹2340, (b) ₹3660, (c) ₹4320, (d) ₹3330
Summary:
Amount received on ₹3000 for 2 years at the rate of 11% per annum is ₹3660
☛ Related Questions:
- Interest on ₹12000 for 1 month at the rate of 10 % per annum is (a) ₹1200, (b) ₹600, (c) ₹100, (d) ₹ . . . .
- Rajni and Mohini deposited ₹3000 and ₹4000 in a company at the rate of 10% per annum for 3 years and . . . .
- If 90% of x is 315 km, then the value of x is (a) 325 km, (b) 350 km, (c) 405 km, (d) 340 km
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