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Home Aptitude Simple Interest Comments

  • Question
  • The principle on which a simple interest of ? 55 will be obtained after 9 months at the rate of 3 2/ 3% per annum is


  • Options
  • A. 1000
  • B. 1500
  • C. 2000
  • D. 2500

  • Correct Answer
  • 2000 

    Explanation

    Let. principal = P
    Given, SI = 55, Time T = 9 months = 9/12 yr,
    Rate R = 32/3% = 11/3 %
    ? SI = (P x R x T) / 100
    ? P = (100 x SI) / (R x T)
    ? (55 x 100) / [(11 x 9) / (3 x 12)] = 2000
    ? Principal (P) = ? 2000


  • Simple Interest problems


    Search Results


    • 1. 
      The simple interest on a sum of money is 1 / 16 of the principal and the number of years is equal to the rate per cent annum. Find the rate per cent.

    • Options
    • A. 21/2
    • B. 31/2 %
    • C. 41/2 %
    • D. 91/2 %
    • Discuss
    • 2. 
      The simple interest of a sum of money is 1/144 of the principal and the number of years is equal to the rate per cent per annum. What will be the rate per cent per annum?

    • Options
    • A. 3/5%
    • B. 5/6%
    • C. 7/6%
    • D. 1/6%
    • Discuss
    • 3. 
      Rashim lent ? 600 to Geeta for 2 yr and ? 150 to Seeta 4 yr and received altogether ? 80 as simple interest from both. Find the rate of interest.

    • Options
    • A. 34/9%
    • B. 24/9%
    • C. 54/9%
    • D. 44/9%
    • Discuss
    • 4. 
      A sum of ? 1521 lent out two parts in such a way that the interest on one part at 10% for 5 yr is equal to that of another part at 8% for 10 yr. What will be the two parts of sum?

    • Options
    • A. ? 926 and ? 595
    • B. ? 906 and ? 615
    • C. ? 916 and ? 605
    • D. ? 936 ? 585
    • Discuss
    • 5. 
      Suresh borrowed ? 800 at 6% and Naresh borrowed ? 600 at 10% After how much time will they both have equal debts?

    • Options
    • A. 151/3 yr
    • B. 141/2 yr
    • C. 181/3 yr
    • D. 162/3 yr
    • Discuss
    • 6. 
      The simple interest on a sum of money will be ? 200 after 5 yr In the next 5 yr principal is tripled. What will be the total interest at the end of the 10th yr?

    • Options
    • A. ? 650
    • B. ? 850
    • C. ? 800
    • D. ? 750
    • Discuss
    • 7. 
      Ramesh invested an amount that is 10% of ? 10000 at simple interest. After 3 yr, the amount becomes ? 2500. Find out the 4 times of actual interest rate.

    • Options
    • A. 5000%
    • B. 250%
    • C. 200%
    • D. 600%
    • Discuss
    • 8. 
      What will be the ratio of simple interest earned by certain amount at the same rate of interest for 12 yr and for 18 yr?

    • Options
    • A. 2 : 5
    • B. 1 : 3
    • C. 2 : 3
    • D. 3 : 1
    • Discuss
    • 9. 
      A sum of Rs . 2600 is lent out in two part in such a way that the interest on one part at 10% for 5 years is equal to that on another part at 9% for 6 years. The sum lent out at 10% is?

    • Options
    • A. Rs. 1150
    • B. Rs. 1250
    • C. Rs. 1350
    • D. Rs. 1450
    • Discuss
    • 10. 
      Simple interest on a certain sum at a certain rate is 9/16 of the sum. If the number representing rate percent and time in years be equal. Then the time is?

    • Options
    • A. 51/2years
    • B. 61/2years
    • C. 61/4years
    • D. 71/2years
    • Discuss


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