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Assignment 2

The document contains five questions related to simple interest calculations. It asks for the amount to be borrowed with a specified repayment, the rate of interest for a given amount over time, the rate of interest based on a known simple interest amount, the rate for a sum to double in a specific period, and the time required for a sum to grow to a certain amount at a given interest rate. Each question requires the application of simple interest formulas.

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6 views1 page

Assignment 2

The document contains five questions related to simple interest calculations. It asks for the amount to be borrowed with a specified repayment, the rate of interest for a given amount over time, the rate of interest based on a known simple interest amount, the rate for a sum to double in a specific period, and the time required for a sum to grow to a certain amount at a given interest rate. Each question requires the application of simple interest formulas.

Uploaded by

hackertobemade1290
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Q1. How much Mr.arif should borrow from Mr.

haneef, so that he may have to repay rs 4425 after 3


years. If Haneef charges simple interest of 5%.

Q2. At what rate of interest would rupees 180 amount to 2500 in 2 years?

Q3. Find the rate % of interest if the simple interest rate on 21450 for 4 year 9 month is Rs 5000.

Q4. At what rate of interest would a sum of money become 1 and ha half in 10 years?

Q5. How long will it take for Rs 1000 to amount Rs 11800 at 6% per year simple interest.

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