Rakesh borrowed ₹ $5000$ from Ganesh at simple interest. If Ganesh received ₹ $500$ more than his capital after $5$ years,then the rate of interest (in $\%$) per annum is:

  • A
    $2$
  • B
    $3$
  • C
    $4$
  • D
    None of these

Explore More

Similar Questions

The simple interest accrued on an amount of $Rs. 2500$ at the end of six years is $Rs. 1875$. What would be the simple interest (in $Rs.$) accrued on an amount of $Rs. 6875$ at the same rate and same period?

What sum lent at $10 \%$ per year on $S.I.$ will amount to $Rs. 450$ in $2$ years?

$A$ sum invested at $5 \%$ simple interest per annum grows to ₹ $504$ in $4$ years. The same amount at $10 \%$ simple interest per annum in $2 \frac{1}{2}$ years will grow to (in ₹):

Adam borrowed some money at the rate of $6 \% \text{ p.a.}$ for the first two years,at the rate of $9 \% \text{ p.a.}$ for the next three years,and at the rate of $14 \% \text{ p.a.}$ for the period beyond five years. If he pays a total interest of ₹ $11,400$ at the end of nine years,how much money (in ₹) did he borrow?

The simple interest on a sum is $\frac{1}{16}$ of the principal and the number of years is equal to the rate per cent per annum. The rate per cent per annum is (in $.5$)

Vedclass Products

For Students

Vedclass Test Series

Mock tests in real JEE/NEET style with performance analysis. 5-day free trial.

Start Free Trial
For Teachers

Exam Paper Generator

Generate Set A/B/C/D exam papers from 7.5L+ questions in 2 minutes. 3 chapters free.

Try Free
For Institutes

Online Exam Module

Live online exams with unlimited students, 360° analytics & white-label branding.

See Demo