Curioustab

Home » Aptitude » Simple Interest

Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 16000 for 2 years at 10% per annum. The sum placed on simple interest is:

Rs 14000
Rs 3500
Rs 7000
Rs 5600

Correct Answer: Rs 7000

← Previous Question Next Question→

More Questions from Simple Interest

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 12% per annum is Rs 72. What is the value of given sum (in Rs)?
The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Rs. 1. The sum (in Rs.) is:
At what rate percent per annum will a sum of money double in 8 years.
A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:
What annual instalment will discharge a debt of Rs 1092 due in 3 years at 12% simple interest?
In how many years will a sum of Rs.800 at 10% per annum compounded semi annually become Rs.926.10
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:
A certain sum of money amounts to Rs 1008 in 2 years and to Rs 1164 in 3 ½ years. Find the sum and the rate of interest.
Simple interest on a certain sum is 16/25 of the sum. Find the rate percent and time, If both are numerically equal.
A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 614 p.a for 2 years. Find his gain in the transaction per year

Discussion & Comments

No comments yet. Be the first to comment!

Join Discussion