If the interest on ₹ $12000$ is more than the interest on ₹ $10000$ by ₹ $500$ in $3$ $years$,the rate percent per annum is:

  • A
    $6 \frac{1}{4} \%$
  • B
    $12 \frac{1}{2} \%$
  • C
    $8 \frac{1}{3} \%$
  • D
    $16 \frac{1}{3} \%$

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Similar Questions

$A$ money lender claims to lend money at the rate of $10 \%$ per annum simple interest. However,he takes the interest in advance when he lends a sum for one year. At what interest rate does he lend the money actually?

$A$ took two loans altogether of ₹ $1200$ from $B$ and $C$. $B$ claimed $14 \%$ simple interest per annum,while $C$ claimed $15 \%$ per annum. The total interest paid by $A$ in one year was ₹ $172$. How much did $A$ borrow from $B$?

The rate of interest for the first $2$ years is $3 \%$ per annum,for the next $3$ years is $8 \%$ per annum,and for the period beyond $5$ years is $10 \%$ per annum. If a man gets $Rs. 1520$ as simple interest for $6$ years,how much money (in $Rs.$) did he deposit?

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What is the $S.I.$ on $Rs. 800$ at $5 \%$ per annum for $3$ years?

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