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Simple Interest

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Nakul P Pillai
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10 views

Simple Interest

Uploaded by

Nakul P Pillai
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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1.

A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum
is:

Rs. 650

Rs. 690

Rs. 698

Rs. 700

2.

Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple
interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2
years be Rs. 3508, what was the amount invested in Scheme B?

Rs. 6400

Rs. 6500

Rs. 7200

Rs. 7500

None of these

3.

A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a. in 5 years. What is the
sum?

Rs. 4462.50

Rs. 8032.50

Rs. 8900

Rs. 8925

None of these

4.

How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of
simple interest?

3.5 years

4 years

4.5 years
5 years

5.

Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she
paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?

3.6

18

Cannot be determined

None of these

6.

A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate
of interest?

3%

4%

5%

6%

None of these

7.

An automobile financier claims to be lending money at simple interest, but he includes the interest
every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of
interest becomes:

10%

10.25%

10.5%

None of these

8.

A lent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest at the same rate of
interest and received Rs. 2200 in all from both of them as interest. The rate of interest per annum is:

5%
7%

1
7 %
8

10%

9.

A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum
of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned
as interest from both the loans. What was the original rate of interest?

3.6%

4.5%

5%

6%

None of these

10.

A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs.
5400 interest only for the period. The principal amount borrowed by him was:

Rs. 2000

Rs. 10,000

Rs. 15,000

Rs. 20,000

11.

A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of
simple interest. The rate of interest per annum is:

5%

8%

12%

15%

12.
What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6
years and that for 9 years?

1:3

1:4

2:3

Data inadequate

None of these

13.

A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more,
how much more interest would it have earned?

Rs. 35

Rs. 245

Rs. 350

Cannot be determined

None of these

14.

A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another

person at 6 % p.a for 2 years. Find his gain in the transaction per year.

Rs. 112.50

Rs. 125

Rs. 225

Rs. 167.50

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