Q1 of 59 Page 16

Find the simple interest on ₹ 2,500 for 4 years at % per annum.

Simple interest (SI)

Here,

Principal amount (P) = Rs.2500

Time (T) = 4 years

Rate of interest = %

= 6.25 %

SI =

= 625

∴ Simple interest = Rs625

A person insures ₹ 26,000 through an insurance agent. If the agent gets ₹ 650 as the commission, find the rate of commission.

A selling agent gets 10,200 in a month. This includes his monthly salary of ₹ 6000 and 6% commission for the sales. Find the value of goods he sold.

Find the simple interest on ₹ 3,500 at the rate of % per annum for 165 days.

In what period will ₹ 5,200 amounts to ₹ 7,384 at 12% per annum simple interest?

Questions · 59

9. Commercial arithmetic

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