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Find the rate percent per annum at which the interest on Rs.600 be Rs.156 in 2 Years?
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Find the rate percent per annum at which the interest on Rs.600 be Rs....
Understanding the Problem
To find the rate percent per annum at which the interest on Rs.600 becomes Rs.156 in 2 years, we will use the simple interest formula.
Formula for Simple Interest
The formula to calculate simple interest is:
- Simple Interest (SI) = (Principal × Rate × Time) / 100
Where:
- Principal = Amount invested (Rs.600)
- Rate = Rate of interest per annum (unknown here)
- Time = Duration in years (2 years)
Calculating Simple Interest
Given:
- SI = Rs.156
- Principal = Rs.600
- Time = 2 years
We can rearrange the formula to find the Rate:
- Rate = (SI × 100) / (Principal × Time)
Substituting the Values
- SI = 156
- Principal = 600
- Time = 2
Now, substituting the values into the formula:
- Rate = (156 × 100) / (600 × 2)
Calculating Rate
- Rate = (15600) / 1200
- Rate = 13
Conclusion
The rate percent per annum at which the interest on Rs.600 becomes Rs.156 in 2 years is:
- Rate = 13% per annum
This means that if you invest Rs.600 at an interest rate of 13% per annum, you will earn Rs.156 in interest over a period of 2 years.
To find the rate percent per annum at which the interest on Rs.600 becomes Rs.156 in 2 years, we will use the simple interest formula.
Formula for Simple Interest
The formula to calculate simple interest is:
- Simple Interest (SI) = (Principal × Rate × Time) / 100
Where:
- Principal = Amount invested (Rs.600)
- Rate = Rate of interest per annum (unknown here)
- Time = Duration in years (2 years)
Calculating Simple Interest
Given:
- SI = Rs.156
- Principal = Rs.600
- Time = 2 years
We can rearrange the formula to find the Rate:
- Rate = (SI × 100) / (Principal × Time)
Substituting the Values
- SI = 156
- Principal = 600
- Time = 2
Now, substituting the values into the formula:
- Rate = (156 × 100) / (600 × 2)
Calculating Rate
- Rate = (15600) / 1200
- Rate = 13
Conclusion
The rate percent per annum at which the interest on Rs.600 becomes Rs.156 in 2 years is:
- Rate = 13% per annum
This means that if you invest Rs.600 at an interest rate of 13% per annum, you will earn Rs.156 in interest over a period of 2 years.
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Find the rate percent per annum at which the interest on Rs.600 be Rs.156 in 2 Years?
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Find the rate percent per annum at which the interest on Rs.600 be Rs.156 in 2 Years? for SSC CHSL 2025 is part of SSC CHSL preparation. The Question and answers have been prepared according to the SSC CHSL exam syllabus. Information about Find the rate percent per annum at which the interest on Rs.600 be Rs.156 in 2 Years? covers all topics & solutions for SSC CHSL 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Find the rate percent per annum at which the interest on Rs.600 be Rs.156 in 2 Years?.
Find the rate percent per annum at which the interest on Rs.600 be Rs.156 in 2 Years? for SSC CHSL 2025 is part of SSC CHSL preparation. The Question and answers have been prepared according to the SSC CHSL exam syllabus. Information about Find the rate percent per annum at which the interest on Rs.600 be Rs.156 in 2 Years? covers all topics & solutions for SSC CHSL 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Find the rate percent per annum at which the interest on Rs.600 be Rs.156 in 2 Years?.
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