R. D. Sharma Solutions for Chapter: Simple Interest, Exercise 1: EXERCISE

Anita deposits $₹ 1000$ in a savings bank account. The bank pays interest at the rate of $5\%$ per annum. What amount can Anita get after $1$ year?

Nalini borrowed $₹ 550$ from her friend at $8\%$ per annum. She returned the amount after six months. How much did she pay?

Rohit borrowed $₹ 60000$ from a bank at $9\%$ per annum for $2$ years. He lent this sum of money to Rohan at $10\%$ per annum for $2$ years. If Rohit earns $₹k$ from this transaction, find the value of $k$.

Romesh borrowed $₹ 2000$ at $2\%$ per annum and $₹ 1000$ at $5\%$% per annum. He cleared his debt after $2$ years by giving $₹ 2800$ and a watch. What is the cost of watch?

Mr. Garg lent $₹ 15000$ to his friend. He charged $15\%$ per annum on $₹ 12500$ and $18\%$ on the rest. How much interest does he earn in $3$ years?

Shikha deposited $₹ 2000$ in a bank which pays $6\%$ simple interest. She withdrew $₹ 700$ at the end of first year. What will be her balance after $3$ years?

Reema took a loan of $₹ 8000$ from a money lender, who charged interest at the rate of $18\%$ per annum. After $2$ years, Reema paid him $₹ 10400$ and wrist watch to clear the debt. What is the price of the watch?

Mr Sharma deposited $₹ 20000$ as a fixed deposit in a bank at $10\%$ per annum. If $30\%$ is deducted as income tax on the interest earned, find his annual income.