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5. P = ` 12,000, A = ` 16,500, T = 2 years. Rate
percent per annum simple interest will be?
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5. P = ` 12,000, A = ` 16,500, T = 2 years. Rate... more percent per a...
Calculation of Simple Interest:
Given, Principal (P) = ` 12,000, Amount (A) = ` 16,500 and time (T) = 2 years.
Simple Interest (SI) = A - P
SI = ` 16,500 - ` 12,000
SI = ` 4,500
Calculation of Rate of Interest:
Using the formula:
SI = (P * R * T) / 100
Where, R = Rate of Interest
Putting the values in the above formula:
4,500 = (12,000 * R * 2) / 100
R = (4,500 * 100) / (12,000 * 2)
R = 18.75%
Calculation of Increased Rate of Interest:
If the rate of interest is increased, then the new rate of interest can be calculated using the formula:
New Rate of Interest = Old Rate of Interest + Increase in Rate of Interest
Let's assume that the rate of interest is increased by x%.
New Rate of Interest = 18.75 + x
Calculation of Simple Interest with Increased Rate of Interest:
Using the formula:
SI = (P * R * T) / 100
Where, P = Principal, T = Time and R = Rate of Interest
Putting the values in the above formula:
SI = (12,000 * (18.75 + x) * 2) / 100
SI = 4500 + 240x
Therefore, the new Simple Interest will be 4500 + 240x.
Conclusion:
By increasing the rate of interest by x%, the new Simple Interest will be 4500 + 240x.
Given, Principal (P) = ` 12,000, Amount (A) = ` 16,500 and time (T) = 2 years.
Simple Interest (SI) = A - P
SI = ` 16,500 - ` 12,000
SI = ` 4,500
Calculation of Rate of Interest:
Using the formula:
SI = (P * R * T) / 100
Where, R = Rate of Interest
Putting the values in the above formula:
4,500 = (12,000 * R * 2) / 100
R = (4,500 * 100) / (12,000 * 2)
R = 18.75%
Calculation of Increased Rate of Interest:
If the rate of interest is increased, then the new rate of interest can be calculated using the formula:
New Rate of Interest = Old Rate of Interest + Increase in Rate of Interest
Let's assume that the rate of interest is increased by x%.
New Rate of Interest = 18.75 + x
Calculation of Simple Interest with Increased Rate of Interest:
Using the formula:
SI = (P * R * T) / 100
Where, P = Principal, T = Time and R = Rate of Interest
Putting the values in the above formula:
SI = (12,000 * (18.75 + x) * 2) / 100
SI = 4500 + 240x
Therefore, the new Simple Interest will be 4500 + 240x.
Conclusion:
By increasing the rate of interest by x%, the new Simple Interest will be 4500 + 240x.
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5. P = ` 12,000, A = ` 16,500, T = 2 years. Rate... more percent per a...
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5. P = ` 12,000, A = ` 16,500, T = 2 years. Rate... more percent per annum simple interest will be?
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5. P = ` 12,000, A = ` 16,500, T = 2 years. Rate... more percent per annum simple interest will be? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 5. P = ` 12,000, A = ` 16,500, T = 2 years. Rate... more percent per annum simple interest will be? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 5. P = ` 12,000, A = ` 16,500, T = 2 years. Rate... more percent per annum simple interest will be?.
5. P = ` 12,000, A = ` 16,500, T = 2 years. Rate... more percent per annum simple interest will be? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 5. P = ` 12,000, A = ` 16,500, T = 2 years. Rate... more percent per annum simple interest will be? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 5. P = ` 12,000, A = ` 16,500, T = 2 years. Rate... more percent per annum simple interest will be?.
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