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Home Aptitude Simple Interest Comments

  • Question
  • Mr. Pawan invests an amount of ? 242000 at the rate of 4% per annum for 6 yr to obtain a simple interest, later he invests the principal amount as well as the amount obtained as simple interest for another 4 yr at the same rate of interest. What amount of simple interest will be obtained at the end of the last 4 yr?


  • Options
  • A. ? 4800
  • B. ? 4850.32
  • C. ? 4801.28
  • D. ? 4700

  • Correct Answer
  • ? 4801.28 

    Explanation

    In the case I,
    SI = (P x R x T) /100 = (24200 x 4 x 6) / 100 = ? 5808

    ? Amount = Principal + SI
    SI = 24200 + 5808 = 30008

    In the case II,
    SI = (30008 x 4 x 4) / 100 = ? 4801.28


  • Simple Interest problems


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    • 1. 
      Reena had ? 10000 with her, out of this money she lent some money to Akshay for 2 yr at 15% simple interest. She lent remaining money to Brijesh for an equal number of years at the rate of 18%. After 2 yr Reena found that Akshay had given her 360 more as interest as compared to Brijesh. The amount of money which Reena had lent to Brijesh must be

    • Options
    • A. ? 4000
    • B. ? 2500
    • C. ? 3500
    • D. ? 4200
    • Discuss
    • 2. 
      Neeta borrowed some money at the rate of 6% per annum for the first 3 yr. at the rate of 9% per annum for the next 5 yr and a the rate of 13% per annum for the period beyond 8 yr. If she pays a total interest of ? 8160 at the and of 11 yr how much money did she borrow?

    • Options
    • A. ? 12000
    • B. ? 10000
    • C. ? 8000
    • D. Data is inadequate
    • Discuss
    • 3. 
      A sum of ? 1550 was lent partly at 5% and partly at 8% per annum simple interest. The total interest received after 4 yr was ? 400, The ratio of the money lent at 5% to that lent at 8% is

    • Options
    • A. 16 : 15
    • B. 17 : 15
    • C. 16 : 13
    • D. 16 : 19
    • Discuss
    • 4. 
      A Principal amounts to ? 944 in 3 yr and to ? 1040 in 5 yr, each sum being invested at the same simple interest. The principal was

    • Options
    • A. ? 800
    • B. ? 991
    • C. ? 750
    • D. ? 900
    • Discuss
    • 5. 
      In 4 yr. ? 6000 amounts to ? 8000. In what time at the same rate, will ? 525 amount to ? 700?

    • Options
    • A. 2 yr
    • B. 3 yr
    • C. 4 yr
    • D. 5 yr
    • Discuss
    • 6. 
      A persom invests ? 12000 as fixed deposit at a bank at the rate of 10% per annum simple interest. But due to some pressing needs, he has to withdraw the entire money after 3 yr for which the bank allowed him a lower rate of interest. If he gets ? 3320 less than, what he would have got at the end of 5 yr the rate of interest allowed by bank is

    • Options
    • A. 78/9%
    • B. 87/9%
    • C. 78/9%
    • D. 77/9%
    • Discuss
    • 7. 
      Rajnish invested certain sum in three different schemes P, Q and R with the rates of interest 10% per annum, 12% per annum and 15% per annum, respectively. If the total interest accrued in 1 yr was ? 3200 and the amount invested in scheme R was 150% of the amount invested in scheme Q. what was the amount invested in scheme Q?

    • Options
    • A. ? 8000
    • B. ? 9000
    • C. ? 5000
    • D. ? 3050
    • Discuss
    • 8. 
      Ajay takes some loan from Rashmi at the rate of 5% per annum andd after 2 yr, Ajay gave back ? 8800 to Rashmi and this way paid his whole loan. Find the interest by Ajay.

    • Options
    • A. ? 825
    • B. ? 975
    • C. ? 800
    • D. ? 850
    • Discuss
    • 9. 
      The difference between the compound interest and the simple interest on a certain sum at 5% per annum for 2 years is Rs. 1.50. The sum is?

    • Options
    • A. Rs. 600
    • B. Rs. 500
    • C. Rs. 400
    • D. Rs. 300
    • Discuss
    • 10. 
      If the compound interest on a certain sum for 2 years at 12.5% per annum is 170, the simple interest is?

    • Options
    • A. Rs. 150
    • B. Rs. 152.50
    • C. Rs. 160
    • D. Rs. 162.50
    • Discuss


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