Simple Interest
Exam Duration: 45 Mins Total Questions : 25
What will be the amount a man would get , if invests Rs.12000at 9\(\frac{1}{2}\)% per annum simple interestfor 2 yr.
- (a)
Rs. 13280
- (b)
Rs.16280
- (c)
Rs.12280
- (d)
Rs.14280
What sum of money will fetch a simple interest of Rs.3900 for 2\(\frac{1}{2}\) yr at the rate of 13% per annum?
- (a)
Rs.12600
- (b)
Rs.11800
- (c)
Rs.10400
- (d)
Rs.12000
A sum doubles after 10 yr, if it is invested at simple interest. In how many years will it become four times the original sum invested?
- (a)
32 yr
- (b)
24 yr
- (c)
30 yr
- (d)
28 yr
A certain sum amounts Rs.18600 in 4 yr and Rs.20400 in 6 yr under simple Interest. Find the Sum.
- (a)
Rs.16780
- (b)
Rs. 15450
- (c)
Rs.16000
- (d)
Rs.15000
A certain sum becomes \( \frac{10}{9}\) times itself in one year. Find the rate of simple interest .
- (a)
11\(\frac{1}{2}\)%
- (b)
11\(\frac{1}{9}\)%
- (c)
12\(\frac{1}{2}\)%
- (d)
12\(\frac{1}{9}\)%
A sum of Rs. x is lent for simple interest at 9.5% per annum for 4 yr. What is the total amount?
- (a)
Rs.1.38x
- (b)
Rs.1.24x
- (c)
Rs.1.16x
- (d)
Rs.1.42x
'A' lends Rs.4300 at 8\(\frac{1}{2}\)% per annum simple interest for 2\(\frac{1}{2}\)yr .'B' lends Rs.645 at 12 \(\frac{1}{2}\)% per annum simple interest for 12 yr. Who gets more interest?
- (a)
A
- (b)
B
- (c)
Both get the same
- (d)
Data insufficient
A man borrows Rs.12000 at 8 % simple interest for 2 yr. He repays Rs.12000 at the end of 2 yr and balance at the end of third year .How much did he repay at the end of third year?
- (a)
Rs.2145.40
- (b)
Rs.2073.60
- (c)
Rs.2042.20
- (d)
Rs.2130.90
At simple interest of 5% , 6% and 8% for three consecutive year, the interest earned is Rs.760.Find the principal.
- (a)
Rs. 4600
- (b)
Rs.3200
- (c)
Rs.4000
- (d)
Rs.3600
A man borrowed Rs. 5000 at 6\(\frac{1}{4}\) per annum simple interest for 6 yr. Instead of clearing the loan with interest at the end of 6 yr, if he returns the loan with interest at the end of 4 yr, how much does the man save ?
- (a)
Rs.625
- (b)
Rs.450
- (c)
Rs.575
- (d)
Rs.700
A man borrowed Rs.12000 for 4 yr at 7\(\frac{3}{4} \)% per annum and a year later he again borrowed another Rs.11000 for 3 yr at the same time . How much should be pay at the need to settle the loans?
- (a)
Rs.30510
- (b)
Rs.28610
- (c)
Rs.31450
- (d)
Rs.29590
Ramesh took a loan of Rs.6000 at 6% per annum simple interest for 3 yr. After one year the rate was increased to 6\(\frac{1}{2}\)% per annum. How much shall Ramesh have to pay at the end to clear his loan?
- (a)
Rs. 7480
- (b)
Rs.7390
- (c)
Rs.7140
- (d)
Rs.7260
A person borrowed Rs.2000 at 5% per annum simple interest and immediately lent it at 6% per annum simple interest .At the end of 2\(\frac{1}{2}\) yr he collected the amount and settled his loan. What was his profit.
- (a)
Rs.45
- (b)
Rs.40
- (c)
Rs.50
- (d)
Rs.56
What sum of money lent out at simple interest will amount to Rs. 3400 in 3 yr at 1% per month?
- (a)
Rs.2400
- (b)
Rs.1800
- (c)
Rs.1600
- (d)
Rs.2500
A man borrowed Rs.8000 at 6% per annum interest for 5 yr. After 3 yr he returned Rs.7000 .How much amount should he return at the end to settle the loan?
- (a)
Rs. 2732.80
- (b)
Rs.2612.20
- (c)
Rs.2824.40
- (d)
Rs.2190.50
A person invests money in three different schemes for 5 yr, 10 yr and 15 yr at 8%, 10 % and 12% simple interest respectively. At the completion of each scheme, he gets the same interest. The ratio of his investments is
- (a)
45:9:5
- (b)
45:18:10
- (c)
25:18:10
- (d)
25:9:5
Simple interest on Rs.1680 for 4 yr at 7\(\frac{1}{2}\) % per annum is equal to the simple interest on Rs.1200 at 7% per annum for a certain period of time. The period of time is
- (a)
7 yr
- (b)
6yr
- (c)
5\(\frac{1}{3}\)yr
- (d)
7\(\frac{1}{4}\)yr
If the simple interest for 5 yr be equal to 40 % of the principal , it will be equal to the principal after.
- (a)
12 yr 3 months
- (b)
12 yr 6 months
- (c)
12 yr 4 months
- (d)
12 yr 9 months
Anurag lends 20% of the sum at 10 % per annum, 50% of rest annum at 10 % per annum and the rest at 8% per annum simple interest. What would be the rate of interest per annum calculated on the whole sum?
- (a)
10.4%
- (b)
10.8%
- (c)
10.6%
- (d)
10.2%
Sudha borrowed some money at the rate of 6% per annum for the first 2 yr, 8% per annum for the next 4 yr and 12% per annum for the period beyond 6 yr. If the total interest paid by him at the end of 14 yr is Rs.6300, how much money did she borrow?
- (a)
Rs.4500
- (b)
Rs.4800
- (c)
Rs.4200
- (d)
Rs.4900
An automobile financier claims to be lending money at simple interest , but he includes the interest every 4 months for calculating the principal, if he is charging an interest of 12 %, the effective rate of interest is approximately.
- (a)
13.25%
- (b)
12.5%
- (c)
12.75%
- (d)
13.5%
A sum was put at simple interest at a certain rate for 3 yr.Had it been put at 1% higher rate, it would have fetched Rs. 5100 more . The sum is
- (a)
Rs. 170000
- (b)
Rs.150000
- (c)
Rs.125000
- (d)
Rs.12000
The present worth of bill due 7 months , hence is Rs.1200. If the bill were dure to at th eend of 2\frac{1}{2} yr, its present worth would be Rs.1016.The rate percent of bill is
- (a)
16%
- (b)
8%
- (c)
10%
- (d)
18%
A invests two equal amounts earning 10 % and 12% of interst annually . If the interest on them earned is Rs.1650 in an year, then the sum invested in each ( in rupees ) is
- (a)
17000
- (b)
15000
- (c)
8500
- (d)
7500
A sum of Rs.5000 was lent partly at 6% and partly at 9% simple interest .If the interest received after one year is Rs. 390 , find the ration in which the money was lent.
- (a)
2:3
- (b)
3:4
- (c)
1:2
- (d)
3:2