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- Question
The difference between the simple interest received from two different sources on Rs.1500 for 3 years is Rs.13.50. The difference between their rates of interest is
Options- A. 0.1%
- B. 0.2%
- C. 0.3%
- D. 0.4%
- Correct Answer
- 0.3%
Explanation(1500 x R1 x 3)/100
=> 4500 (R1-R2) = 1350
=> (R1-R2)= 1350/4500 = 0.3 %
- 1. A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?
Options- A. Rs.35
- B. Rs.245
- C. Rs.350
- D. cannot be determined Discuss
- 2. A sum of money triples itself in 8 years simple interest. Find the rate of percent per annum?
Options- A. 30%
- B. 25%
- C. 22%
- D. 18% Discuss
- 3. How much time will take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest ?
Options- A. 4 years
- B. 2.5 years
- C. 3.5 years
- D. 2 years Discuss
- 4. A sum of Rs.1550 was lent partly at 8% p.a. simple interest. The total interest received after 3 years was Rs.300. The ratio of the money lent at 5% to that lent at 8% is :
Options- A. 5:8
- B. 6:7
- C. 16:15
- D. 17:18 Discuss
- 5. Find: S.l. on Rs 6250 at 14% per annum for 146 days.
Options- A. Rs.350
- B. Rs.450
- C. Rs.550
- D. Rs.650 Discuss
- 6. A father left a will of Rs.35 lakhs between his two daughters aged 8.5 and 16 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.35 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will?
Options- A. 17.5 lakhs
- B. 21 lakhs
- C. 15 lakhs
- D. 20 lakhs Discuss
- 7. A sum was put at simple interest at a certain rate for 3 years. Had it been put at 2% higher rate, it would have fetched Rs 360 more. Find the sum.
Options- A. Rs.4000
- B. Rs.9000
- C. Rs.5000
- D. Rs.6000 Discuss
- 8. At what rate of compound interest per annum will a sum of rs.1200 becomes rs.1348.32 in 2 years
Options- A. 66%%
- B. 6.5%
- C. 7%
- D. 7.5% Discuss
- 9. A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest?
Options- A. 3.46%
- B. 4.5%
- C. 5%
- D. 6% Discuss
- 10. A sum was put at simple interest at a certain rate for 10 years . Had it been put at 5% higher rate , it would have fetched Rs.600 more. What was the Sum?
Options- A. Rs.1200
- B. Rs.1300
- C. Rs.1400
- D. Rs.1500 Discuss
Simple Interest problems
Search Results
Correct Answer: cannot be determined
Explanation:
We need to know the S.I, principal and time to find the rate. Since the principal is not given, so data is inadequate.
Correct Answer: 25%
Correct Answer: 4 years
Explanation:
Time = (100 x 81) / (450 x 4.5) = 4 years.
Correct Answer: 16:15
Explanation:
let the sum lent at 5% be Rs.x and that lent at 8% be Rs.(1550-x). then,
Interest on x at 5% for 3 years + interest on (1550-x) at 8% for 3 years = 300
x=800
Required ratio = x : (1550-x) = 800 : (1550-800) = 800 : 750 = 16 : 15
Correct Answer: Rs.350
Explanation:
P = Rs. 6250, R = 14 % & T = (146/365) years = 2/5 years .
S.I=
Correct Answer: 21 lakhs
Explanation:
Let Rs.x be the amount that the elder daughter got at the time of the will. Therefore, the younger daughter got (3,500,000 - x).
The elder daughter?s money earns interest for (21 - 16) = 5 years @ 10% p.a simple interest.
The younger daughter?s money earns interest for (21 - 8.5) = 12.5 years @ 10% p.a simple interest.
As the sum of money that each of the daughters get when they are 21 is the same,
=>
Correct Answer: Rs.6000
Explanation:
Let sum = P and original rate = R. Then
[(P * (R+2) * 3)/100] - [ (P * R * 3)/100] = 360
3P*(R+2) - 3PR = 36000
3PR + 6P - 3PR = 36000
6P = 36000
P = 6000
Correct Answer: 66%%
Explanation:
rate=r%
1200 (1+r/100)^2=1348.32
r=6%
Correct Answer: 3.46%
Explanation:
Let the original rate be R%. Then, new rate = (2R)%.
Note: Here, original rate is for 1 year(s); the new rate is for only 4 months i.e.1/3 year(s).
=> (2175 + 725) R = 33.50 x 100 x 3
=> (2175 + 725) R = 10050
=> (2900)R = 10050
=>
Original rate = 3.46%
Correct Answer: Rs.1200
Explanation:
At 5% more rate, the increase in S.I for 10 years = Rs.600 (given)
So, at 5% more rate, the increase in SI for 1 year = 600/10 = Rs.60/-
i.e. Rs.60 is 5% of the invested sum
So, 1% of the invested sum = 60/5
Therefore, the invested sum = 60 × 100/5 = Rs.1200
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