Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
0 reads0 ratings0 helpful

The deed provides interest on capital at ten percent per annum. Capital remained rupees fifty thousand throughout the year. What is the interest?

Answer and explanation

Correct answer: Rupees five thousand

The direct answer is option A: rupees five thousand. Interest on capital is calculated by applying the annual rate to the capital for the relevant time. Here the capital is Rs 50,000, the rate is 10 percent per year, and it remains unchanged for the whole year. First, 10 percent means 10 out of every 100. Next, calculate 50,000 multiplied by 10 divided by 100, which equals Rs 5,000. No reduction for time is needed because the capital stayed in the business for the entire year. Option A is correct because it is the calculated annual interest. Option B, Rs 10,000, would represent 20 percent of Rs 50,000, not 10 percent. Option C, Rs 50,000, is the capital itself, not its interest. Option D, Rs 500, is only 1 percent of the capital. Exam cue: for a full year, interest equals capital multiplied by rate divided by 100.

Related tags

Interest On CapitalNumericalDeed

Was this question useful?

No ratings yetWrite a review / Rate this question

Student Reviews

No published reviews yet.

Add Muft Shiksha to your Home Screen

In Safari, tap Share, then Add to Home Screen.