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#8926 2021-02-28 16:26:50

ganesh
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Re: 10 second questions

Hi,

Neat work!

#7827. Jacob has taken a loan of $20,500 at 10% simple interest. He pays $21,500 at the end of 2nd year. How much should he pay if he wants to clear his debt at the end of the third year?


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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#8927 2021-03-01 03:43:37

irspow
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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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#8928 2021-03-01 15:04:42

ganesh
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Registered: 2005-06-28
Posts: 33,311

Re: 10 second questions

Hi,

Neat work!

#7828. Two equal sum were lent out at 7% and 5% simple interest. The interest earned on the two loans add up to $960 for four years. Find the total sum lent out.


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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#8929 2021-03-02 03:44:27

irspow
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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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#8930 2021-03-02 16:03:20

ganesh
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Registered: 2005-06-28
Posts: 33,311

Re: 10 second questions

Hi,

Neat work!

#7929. How much will a sum of $12,000 deposited at the rate of 9% per annum simple interest for 13 years amount to?


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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#8931 2021-03-03 02:57:47

irspow
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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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#8932 2021-03-03 15:18:11

ganesh
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Registered: 2005-06-28
Posts: 33,311

Re: 10 second questions

Hi,

Neat work!

#7930.  What would be the compound interest obtained on an amount of $7,790 at the rate of 10% per annum after two 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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#8933 2021-03-04 03:07:34

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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#8934 2021-03-04 15:54:00

ganesh
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Registered: 2005-06-28
Posts: 33,311

Re: 10 second questions

Hi,

Neat work!

#7931. The simple interest accrued in 2 years on a principal of $24,000 is one-eighth of the principal. What is the simple interest 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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#8935 2021-03-05 04:09:29

irspow
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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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#8936 2021-03-05 14:59:49

ganesh
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Registered: 2005-06-28
Posts: 33,311

Re: 10 second questions

Hi,

Good work!

#7932. In how many years will $4400 amount to $5984 at 4 % 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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#8937 2021-03-06 03:53:12

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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#8938 2021-03-06 15:55:23

ganesh
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Registered: 2005-06-28
Posts: 33,311

Re: 10 second questions

Hi,

Excellent!

#7933. Smith deposited $5000 at 10% simple interest for 2 years. How much more money will Smith have in his account at the end of two years, if it is compounded 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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#8939 2021-03-07 04:27:15

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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#8940 2021-03-07 15:52:51

ganesh
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Registered: 2005-06-28
Posts: 33,311

Re: 10 second questions

Hi,

Excellent!

#7934. An article is sold for $600 or $100 cash down along with 3 equal instalments. If the rate of interest charged is 10% per annum, then find the monthly instalment.


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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#8941 2021-03-08 04:43:24

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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#8942 2021-03-08 15:32:01

ganesh
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Registered: 2005-06-28
Posts: 33,311

Re: 10 second questions

Hi,

Excellent!

#7935. The difference between simple interest earned by Bevan and Herbert is $48 on $12,000 for 2 years. What is the difference in 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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#8943 2021-03-09 03:48:01

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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#8944 2021-03-09 16:57:41

ganesh
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Registered: 2005-06-28
Posts: 33,311

Re: 10 second questions

Hi,

Neat work!

#7936. The difference in interests on a certain sum at 15% per annum for 6 years and 20% per annum for 4 years is $345.50. Find the sum.


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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#8945 2021-03-10 03:32:38

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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#8946 2021-03-10 15:51:37

ganesh
Administrator
Registered: 2005-06-28
Posts: 33,311

Re: 10 second questions

Hi,

Neat work!

#7937. Jackie invested $12000 in a bank at 15% per annum compound interest. He pays 40% of his income from interest to a charitable trust every year. How much money does Jackie have after 4 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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#8947 2021-03-11 04:05:11

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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#8948 2021-03-11 16:38:25

ganesh
Administrator
Registered: 2005-06-28
Posts: 33,311

Re: 10 second questions

Hi,

Excellent!

#7938.


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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#8949 2021-03-12 03:46:23

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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#8950 2021-03-12 16:44:24

ganesh
Administrator
Registered: 2005-06-28
Posts: 33,311

Re: 10 second questions

Hi,

Neat work!

#7939.


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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