Curioustab

Home » Aptitude » Simple Interest

A lent Rs. 600 to B for 2 years and Rs. 150 to C for 4 years and received altogether from both Rs. 90 as simple interest. The rate of interest is?

4%
5%
10%
12%

Correct Answer: 5%

Explanation:

Let rate = R% per annum.
Then, [(600 x R x 2)/ 100 ] + [(150 x R x 4 ) / 100] = 90
⇒ 18R = 90
∴ R = 5%

← Previous Question Next Question→

More Questions from Simple Interest

Rs. 800 amounts to Rs. 920 in 3 years at simple interest. If the interest rate is increased by 3% It would amount to how much?
The simple interest on a sum of money at 8% per annum for 6 years is half the sum. The sum is?
If the interest on Rs. 1200 be more than the interest on Rs. 1000 by Rs. 50 in 3 years, the rate per cent is?
In how many years will a sum of money double itself at 12% per annum?
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 Rs. 24 more, The sum is?
A sum money becomes (8/5) of itself in 5 years at a certain rate of interest . The rate percent per annum is?
The difference between the interest received from two different bank on Rs. 500 for 2 year is Rs. 2.50. The difference between their rates is?
A certain sum of money at simple interest amounts to Rs. 1012 in 2 1/ 2 years and to Rs. 1067.20 in 4 years. The rate of interest per annum is?
Two equal amounts of money are deposited in two banks, each at 15% per annum for 3 1/ 2 years and 5 years. If the difference between their interests is Rs. 144, each sum is?
If the rate of interest rises from 6 1/2 to 8% a man's annual income increases by Rs. 4050. Find the capital.

Discussion & Comments

No comments yet. Be the first to comment!

Join Discussion