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#8876 2021-02-02 15:17:20

ganesh
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Posts: 33,035

Re: 10 second questions

Hi,

Excellent!

#7903. Simpson invested a sum of $15,000 at 9% per annum simple interest and $12,000 at 8% per annum compound interest compounded annually for a period of two years. What amount of interest did Simpson earn in 2 years?


It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi. 

Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.

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#8877 2021-02-03 03:14:34

irspow
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Registered: 2005-11-24
Posts: 1,055

Re: 10 second questions


I am at an age where I have forgotten more than I remember, but I still pretend to know it all.

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#8878 2021-02-03 15:31:39

ganesh
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Registered: 2005-06-28
Posts: 33,035

Re: 10 second questions

Hi,

Excellent!

#7904. If I have to pay $4900 in 5 months from now, then what amount should I pay totay if the rate of simple interest is 5% per annum?


It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi. 

Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.

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#8879 2021-02-04 05:34:51

irspow
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Registered: 2005-11-24
Posts: 1,055

Re: 10 second questions


I am at an age where I have forgotten more than I remember, but I still pretend to know it all.

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#8880 2021-02-04 15:59:15

ganesh
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Registered: 2005-06-28
Posts: 33,035

Re: 10 second questions

Hi,

Neat work!

#7905. Find the amount paid by a borrower after 6 years, if he had borrowed $6000 at 15% per annum simple interest.


It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi. 

Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.

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#8881 2021-02-05 04:09:40

irspow
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Registered: 2005-11-24
Posts: 1,055

Re: 10 second questions


I am at an age where I have forgotten more than I remember, but I still pretend to know it all.

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#8882 2021-02-05 15:25:10

ganesh
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Registered: 2005-06-28
Posts: 33,035

Re: 10 second questions

Hi,

Good work!

#7906. Find the compound interest on $12000 at 10% per annum for 5 years (compounded annually).


It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi. 

Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.

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#8883 2021-02-07 03:18:34

irspow
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Registered: 2005-11-24
Posts: 1,055

Re: 10 second questions


I am at an age where I have forgotten more than I remember, but I still pretend to know it all.

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#8884 2021-02-07 15:53:29

ganesh
Administrator
Registered: 2005-06-28
Posts: 33,035

Re: 10 second questions

Hi,

Excellent!

#7907. Find the difference between compound interest and simple interest on $16,000 for one year reckoned half-yearly.


It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi. 

Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.

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#8885 2021-02-08 05:20:36

irspow
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Registered: 2005-11-24
Posts: 1,055

Re: 10 second questions


I am at an age where I have forgotten more than I remember, but I still pretend to know it all.

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#8886 2021-02-08 14:59:33

ganesh
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Registered: 2005-06-28
Posts: 33,035

Re: 10 second questions

Hi,

Corrigendum : #7907. Find the difference between compound interest and simple interest on $16,000 for one year at 10% per annum reckoned half-yearly.
(Sorry for the inconvenience).


It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi. 

Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.

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#8887 2021-02-09 03:41:23

irspow
Member
Registered: 2005-11-24
Posts: 1,055

Re: 10 second questions


I am at an age where I have forgotten more than I remember, but I still pretend to know it all.

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#8888 2021-02-09 15:52:36

ganesh
Administrator
Registered: 2005-06-28
Posts: 33,035

Re: 10 second questions

Hi,

Neat work!

#7908. Find the amount payable after 3 years if a sum of $15000 is deposited in a bank at the rate of 12% per annum, compounded half-yearly (to the nearest Dollar).


It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi. 

Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.

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#8889 2021-02-10 04:06:49

irspow
Member
Registered: 2005-11-24
Posts: 1,055

Re: 10 second questions


I am at an age where I have forgotten more than I remember, but I still pretend to know it all.

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#8890 2021-02-10 15:43:36

ganesh
Administrator
Registered: 2005-06-28
Posts: 33,035

Re: 10 second questions

Hi,

Excellent!

#7909. If the interest paid by Sally on $14,000 is $1,260 for a period of three years, then find the rate of simple interest charged.


It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi. 

Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.

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#8891 2021-02-11 04:21:40

irspow
Member
Registered: 2005-11-24
Posts: 1,055

Re: 10 second questions


I am at an age where I have forgotten more than I remember, but I still pretend to know it all.

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#8892 2021-02-11 15:14:24

ganesh
Administrator
Registered: 2005-06-28
Posts: 33,035

Re: 10 second questions

Hi,

Good work!

#7910. Find the Principal which will give $29,700 as simple interest at the rate of 9% per annum in 5 years 6 months.


It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi. 

Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.

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#8893 2021-02-12 03:32:26

irspow
Member
Registered: 2005-11-24
Posts: 1,055

Re: 10 second questions


I am at an age where I have forgotten more than I remember, but I still pretend to know it all.

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#8894 2021-02-12 15:28:45

ganesh
Administrator
Registered: 2005-06-28
Posts: 33,035

Re: 10 second questions

Hi,

Neat work!

#7911. A sum of money becomes 6 times in 20 years at r% per annum Simple Interest. Find the value of r.


It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi. 

Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.

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#8895 2021-02-13 03:55:52

irspow
Member
Registered: 2005-11-24
Posts: 1,055

Re: 10 second questions


I am at an age where I have forgotten more than I remember, but I still pretend to know it all.

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#8896 2021-02-13 15:45:03

ganesh
Administrator
Registered: 2005-06-28
Posts: 33,035

Re: 10 second questions

Hi,

Neat work!

#7912. Find the amount payable after one year, it a loan of $2500 is taken 24% per annum simple interest charged quarterly.


It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi. 

Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.

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#8897 2021-02-14 05:05:11

irspow
Member
Registered: 2005-11-24
Posts: 1,055

Re: 10 second questions


I am at an age where I have forgotten more than I remember, but I still pretend to know it all.

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#8898 2021-02-14 15:37:41

ganesh
Administrator
Registered: 2005-06-28
Posts: 33,035

Re: 10 second questions

Hi,

Smart work!

#7913. An amount of loan is discharged by paying 3 equal instalments of $9,261 each. If the rate of interest charged was 20% per annum compounded quarterly, then find the amount of loan borrowed.


It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi. 

Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.

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#8899 2021-02-15 04:06:26

irspow
Member
Registered: 2005-11-24
Posts: 1,055

Re: 10 second questions


I am at an age where I have forgotten more than I remember, but I still pretend to know it all.

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#8900 2021-02-15 15:36:53

ganesh
Administrator
Registered: 2005-06-28
Posts: 33,035

Re: 10 second questions

Hi,

#7914. The compound interest on a sum of money for 2 years is $2750 and that for three years is $4550. Find the rate of interest.


It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi. 

Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.

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