Brinda borrowed ₹ $1000$ to build a hut. She pays $5 \%$ simple interest. She lets the hut to Ramu and receives a rent of ₹ $12 \frac{1}{2}$ per month from Ramu. In how many years would Brinda clear off the debt?

  • A
    $10$
  • B
    $10.25$
  • C
    $10.50$
  • D
    None of these

Explore More

Similar Questions

$A$ sum was doubled with $12 \frac{1}{2} \%$ rate of simple interest per annum. The time taken (in years) for that sum is:

$A$ sum of money lent out at simple interest amounts to ₹ $720$ after $2$ $years$ and to ₹ $1,020$ after a further period of $5$ $years$. The sum is (In ₹)

Difficult
View Solution

$A$ sum was put at simple interest at a certain rate for $2$ years. Had it been put at $1 \%$ higher rate,it would have fetched ₹ $24$ more. The sum is (in ₹):

The annual instalment that will discharge a debt of ₹ $4200$ due in $5$ years at $10 \%$ simple interest (in ₹) is:

If a certain sum of money borrowed at $5 \%$ per annum simple interest amounts to ₹ $1020$ in $4$ years,then the sum of money (in ₹) borrowed is:

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