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Home Aptitude Simple Interest Comments

  • Question
  • 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

  • Correct Answer
  • Rs 5000 

    Explanation

    Let the sum be P.
    And the original rate be y% per annum.
    Then new rate=(y+3)% per annum
    According to question, [(P × (y+3) × 2)/100]=[(P × y × 2)/100]=300
    ? [(Py + 3P)/100]=[Py/100] = 150
    ? Py+ 3P - Py=15000
    ? 3P=15000
    ? P= 5000
    Thus, the sum is Rs 5000


  • Simple Interest problems


    Search Results


    • 1. 
      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
    • 2. 
      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
    • 3. 
      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
    • Discuss
    • 4. 
      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
    • 5. 
      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
    • 6. 
      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
    • 7. 
      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
    • 8. 
      A certain sum lent out at simple interest amounts to Rs 575 in 3 yr and to Rs 625 in 5 yr. Then the rate of interest is?

    • Options
    • A. 3%
    • B. 4%
    • C. 5%
    • D. 7%
    • Discuss
    • 9. 
      The simple interest on a sum of money is 1/9 of the principle and the number of years is equal to the rate percent annum. The rate percent annum is?

    • Options
    • A. 3
    • B. 1/3
    • C. 31/3
    • D. 3/10
    • Discuss
    • 10. 
      A moneylender finds that due to a fall in the rate of interest from 13% to 12 1/ 2% his yearly income diminishes by Rs. 104. His capital is?

    • Options
    • A. Rs. 21400
    • B. Rs. 20800
    • C. Rs. 22300
    • D. Rs. 24000
    • Discuss


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