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**ganesh****Administrator**- Registered: 2005-06-28
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Hi,

#7877. Find the amount of money that Antony should lend at 15% per annum if he wants to earn an interest of $675 in 2 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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**ganesh****Administrator**- Registered: 2005-06-28
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#7878. A sum of money amounts to $1650 in two years and to $1875 in five years. Find the principal and rate of 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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**irspow****Member**- Registered: 2005-11-24
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*Last edited by irspow (2021-01-09 05:49:09)*

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**ganesh****Administrator**- Registered: 2005-06-28
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Hi,

Neat work!

#7879. Vincent obtained an amount of $8,376 as simple interest on a certain amount at 8% per annum after 6 years. What is the amount invested by Vincent?

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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**ganesh****Administrator**- Registered: 2005-06-28
- Posts: 32,548

Hi,

#7880. Samuel would have paid $5280 at the end of four years for a sum of money borrowed at the rate of 8% per annum simple interest. If he wants to repay his loan an year before it was due, then what is the amount paid by him?

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

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**irspow****Member**- Registered: 2005-11-24
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**ganesh****Administrator**- Registered: 2005-06-28
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Hi,

Splendid!

7881. Ben deposits an amount of $56500 to obtain a simple interest at the rate of 12% per annum for 3 years. What amount will Ben get at the end of 3 years?

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**irspow****Member**- Registered: 2005-11-24
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**ganesh****Administrator**- Registered: 2005-06-28
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Hi,

Good work!

#7882. What would be the simple interest obtained on an amount of $6535 at the rate of 10% per annum after 6 years?

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**irspow****Member**- Registered: 2005-11-24
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**ganesh****Administrator**- Registered: 2005-06-28
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Hi,

Good work!

#7883. What interest will be had on $450 for 2 years if an interest of $0.40 is charged on $1 for 4 years?

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**irspow****Member**- Registered: 2005-11-24
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**ganesh****Administrator**- Registered: 2005-06-28
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Hi,

Neat work!

#7884. Alfred invested an amount for three years at a simple interest at 9% per annum. He got an amount of $19,050 at the end of three years. What principal amount did he invest?

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**irspow****Member**- Registered: 2005-11-24
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**ganesh****Administrator**- Registered: 2005-06-28
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Hi,

Neat work!

#7885. If the simple interest for 6 years be equal to 30% of the principal, then it will be equal to the principal after how many years?

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**irspow****Member**- Registered: 2005-11-24
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**ganesh****Administrator**- Registered: 2005-06-28
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Hi,

Neat work!

#7886. A sum of $1500 is lent out in two parts in such a way that the simple interest on one part at 10% per annum for 5 years is equal to that on another part at 12.5% per annum for 4 years. Find the sum lent out at 12.5%.

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**irspow****Member**- Registered: 2005-11-24
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**ganesh****Administrator**- Registered: 2005-06-28
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Hi,

Neat work!

#7887. In what time will the simple interest be two-fifth of the principal at 8% per annum?

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**irspow****Member**- Registered: 2005-11-24
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**ganesh****Administrator**- Registered: 2005-06-28
- Posts: 32,548

Hi,

Neat work!

#7888. A sum fetches Simple Interest of $708.75 at the rate of 12.5% per annum in 10 years. What is the sum?

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**irspow****Member**- Registered: 2005-11-24
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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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**ganesh****Administrator**- Registered: 2005-06-28
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Hi,

Neat work!

#7889. Find the amount that Jane will get if she had deposited $8000 in a bank at 10% per annum compounded annually for 4 years.

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

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**irspow****Member**- Registered: 2005-11-24
- Posts: 847

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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**ganesh****Administrator**- Registered: 2005-06-28
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Hi,

Excellent!

#7890. Given that a sum of $5000 is compounded annually at 5%, what is the interest of the second year?

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