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Home Aptitude Simple Interest Comments

  • Question
  • Pratap borrowed some money from Arun at simple interest. The rate of interest for the first 3 years was 12% for the next 5 years was 16% and beyond this it was 20%. If the simple interest for 11 years was more than the money borrowed by Rs. 6080. What was the money borrowed?


  • Options
  • A. Rs. 7550
  • B. Rs. 8500
  • C. Rs. 8000
  • D. Rs. 9000

  • Correct Answer
  • Rs. 8000 

    Explanation

    Let the sum be P.
    SI = SI for first 3 years + SI for next 5 years + SI for next 3 years
    ? P + 6080 = (P x 12 x 3) / 100 + (P x 16 x 5) / 100 + (P x 20 x 3) / 100
    ? P + 6080 = (36P + 80P + 60P) / 100
    ? 100 x (P + 6080) = 176P
    ? P = 608000 / 76 = 8000


  • Simple Interest problems


    Search Results


    • 1. 
      Prabhat borrowed some money from a bank at 8% p.a simple interest and lended it to Ashish at 12% p.a simple interest. If his profit in 2 years is Rs. 320. What sum of money did he borrow?

    • Options
    • A. Rs. 2000
    • B. Rs. 4000
    • C. Rs. 6000
    • D. Rs. 3000
    • Discuss
    • 2. 
      Anil borrowed some money at simple interest. The rate of interest for the first 3 years was 5% for the next 2 years was 8% and for the next 4 year it was 10%. Beyond this it was 12% per annum. If he paid Rs. 8560, as interest for 12 years. How much money did he borrow?

    • Options
    • A. Rs. 8000
    • B. Rs. 6000
    • C. Rs. 5000
    • D. Rs. 7000
    • Discuss
    • 3. 
      The rate of interest for the first 2 years is 5% for the next 3 years is 8% and beyond this. It is 10% per annum. If the simple interest for 8 years is Rs . 1280. What is the principal?

    • Options
    • A. Rs. 2500
    • B. Rs. 2000
    • C. Rs. 3200
    • D. Rs. 2440
    • Discuss
    • 4. 
      If A is the simple interest on B and B is the simple interest on C, the rate % and and the time being the same in both cases, what is the relation between A, B and C?

    • Options
    • A. A2 = BC
    • B. B2 = AC
    • C. C2 = AB
    • D. ABC = 1
    • Discuss
    • 5. 
      The rate of interest on a sum of money is 4% per annum for the first 2 year, 6% per annum for the next 4 year and 8% per annum for the period beyond 6 years. If the simple interest accrued by the sum for a total period of 9 years is Rs. 1120. What is the sum?

    • Options
    • A. Rs. 1500
    • B. Rs. 2000
    • C. Rs. 2500
    • D. Rs. 4000
    • Discuss
    • 6. 
      A sum ? 1440 is lent out in three parts in such a way that the interest on first part at 2% for 3 yr, second part at 3% for 4 yr and third part at 4% for 5 yr equal . Then, the difference between the largest and the smallest sum is?

    • Options
    • A. ? 400
    • B. ? 560
    • C. ? 460
    • D. ? 200
    • Discuss
    • 7. 
      Out of a certain sum, 1/3rd is invested at 3%, 1/6th at 6% and the rest at 8%. It the simple interest for 2 yr from all these investments amounts to ? 600 , find the original sum.?

    • Options
    • A. ? 5000
    • B. ? 6000
    • C. ? 5500
    • D. ? 6500
    • Discuss
    • 8. 
      A man buys a music system valued at ? 8000. He pays ? 3500 at once and rest 18 months later, on which he is charged simple interest at the rate of 8% per annum . Find the total amount he pays for the music system?

    • Options
    • A. ? 9260
    • B. ? 8540
    • C. ? 8720
    • D. ? 9410
    • Discuss
    • 9. 
      A man invests a certain sum of money at 6% per annum simple interest and another at 7% per annum simple interest. His income from interest after 2 yr was ? 792. Also, half of the first sum is equal to one-third of the second sum. The total sum invested was?

    • Options
    • A. ? 5800
    • B. ?. 6200
    • C. ? 6000
    • D. ? 5900
    • Discuss
    • 10. 
      A borrowed ? 4800 from B at 9% per annum simple interest for 3 yr. He, then added some more money to the borrowed sum and lent it to C for the same period at 12% per annum simple interest. If A gains ? 720 in the whole transaction, how much money did he add from his side?

    • Options
    • A. ? 500
    • B. ? 740
    • C. ? 640
    • D. ? 800
    • Discuss


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