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Home Aptitude Simple Interest Comments

  • Question
  • A sum of money amounts to ? 2240 at 4% per annum simple interest in 3 yr. The interest on the same sum for 6 months at 3.5% per annum is


  • Options
  • A. ? 30
  • B. ? 50
  • C. ? 35
  • D. ? 150

  • Correct Answer
  • ? 35 

    Explanation

    If the sum be ? P, then
    (2240 - P) = (P x 4 x 3)/100
    ? 2240 = 12P/100 + P
    ? 2240 = 112P/100
    ? P = (2240 x 100)/112 = ? 2000

    Now, required interest,
    SI = PRT/100 = [{2000 x (7/2) x (1/2)} /100]
    = ? 35


  • Simple Interest problems


    Search Results


    • 1. 
      The simple interest on ? 4000 in 3 yr at the rate of R % per annum equals equals to the simple interest on ? 5000 at the rate of 12% per annum in 2 yr The value of R is

    • Options
    • A. 6%
    • B. 8%
    • C. 9%
    • D. 10%
    • Discuss
    • 2. 
      Mr. Deepak invested an amount of ? 21250 for 6 yr. At what rate of simple interest, will he obtain the total amount of ? 26350 at the end of 6 yr?

    • Options
    • A. 6% pa
    • B. 5% pa
    • C. 8% pa
    • D. 12% pa
    • Discuss
    • 3. 
      At what rate per annum will the simple interest on a certain sum of money be 1/5 of the amount in 10 yr?

    • Options
    • A. 5%
    • B. 2%
    • C. 1%
    • D. 8%
    • Discuss
    • 4. 
      Simple interest for the sum of ? 1500 is ? 30 in 4 yr and ? 60 in 8 yr. Find the rate of simple interest.

    • Options
    • A. 2.5%
    • B. 1.5%
    • C. 0.5%
    • D. 0.25%
    • Discuss
    • 5. 
      At simple interest, a sum becomes 3 times in 20 yr. Find the time, in which the sum will be double at the same rate of interest.

    • Options
    • A. 8 yr
    • B. 10 yr
    • C. 12 yr
    • D. 14 yr
    • Discuss
    • 6. 
      The simple interest on a sum of money at 9% per annum for 5 yr is half the sum. What is the sum?

    • Options
    • A. ? 5800
    • B. ? 5000
    • C. ? 7000
    • D. Data is inadequate
    • Discuss
    • 7. 
      The simple interest on a sum of money at 8% per annum for 6 yr is half the sum. What is the sum?

    • Options
    • A. ? 4800
    • B. ? 6000
    • C. ? 8000
    • D. Data is inadequate
    • Discuss
    • 8. 
      A sum was put at simple interest at a certain rate for 2 years . Had it been put at 3% higher rate, it would have fetched Rs 300 more. The sum is

    • Options
    • A. Rs 5000
    • B. Rs 6000
    • C. RS 7000
    • D. None Of these
    • Discuss
    • 9. 
      The simple interest on a sum of money at 10% per annum for 6 year is half the sum. Then, the sum is?

    • Options
    • A. Rs 5000
    • B. Not possible
    • C. Rs 4000
    • D. Rs 6000
    • Discuss
    • 10. 
      The simple interest at x% for x years will be Rs x on a sum of ....

    • Options
    • A. Rs x
    • B. Rs 100x
    • C. Rs (100/x)
    • D. Rs (100/ x2)
    • Discuss


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