logo

CuriousTab

CuriousTab

Discussion


Home Aptitude Simple Interest Comments

  • Question
  • How long will it take for a sum of money to grow from Rs.1250 to Rs.10,000, if it is invested at 12.5% p.a simple interest?


  • Options
  • A. 65years
  • B. 56years
  • C. 45years
  • D. 57years

  • Correct Answer
  • 56years 

    Explanation

    Simple interest is given by the formula SI = (pnr/100), where p is the principal, n is the numberof years for which it is invested, r is the rate of interest per annum

     

    In this case, Rs. 1250 has become Rs.10,000.

     

    Therefore, the interest earned = 10,000 ? 1250 = 8750.

     

    8750 = [(1250 x n x 12.5)/100]

     

    => n = 700 / 12.5 = 56 years.

  • Tags: Bank Exams, Bank PO

    Simple Interest problems


    Search Results


    • 1. A person takes a loan of Rs. 200 at 5% simple interest. He returns Rs.100 at the end of one year. In order clear his dues at the end of 2 years, he would pay :

    • Options
    • A. Rs. 100
    • B. Rs. 105
    • C. Rs. 115
    • D. Rs. 110
    • Discuss
    • 2. If the C.I. on a sum for 2 years at 12 1/2 % per annum is Rs. 510, the S.I. on the same sum at the same rate for the same period of time is ?

    • Options
    • A. Rs. 580
    • B. Rs. 480
    • C. Rs. 550
    • D. Rs. 470
    • Discuss
    • 3. 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
    • 4. 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
    • 5. 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
    • 6. In what time will Rs. 1860 amount to Rs. 2641.20 at simple interest 12% per annum?

    • Options
    • A. 2.9 years
    • B. 3.5 years
    • C. 4.2 years
    • D. 4.7 years
    • Discuss
    • 7. A man borrowed Rs 24000 from two money lenders. For one loan, he paid 15% per annum and for the other 18% per annum. At the end of one year, he paid Rs 4050. How much did he borrow at each rate ?

    • Options
    • A. Rs.16000
    • B. Rs.12000
    • C. Rs.15000
    • D. Rs.13000
    • Discuss
    • 8. The simple interest on Rs. 25 for 4 months at the rate of 3 paise per rupee per month is :

    • Options
    • A. 240 paise
    • B. Rs. 1.40
    • C. Rs. 2.20
    • D. Rs. 3
    • Discuss
    • 9. Manju borrows Rs.5000 for 2 years at 4% p.a. simple interest from Sudha. She immediately lends it to another person at 6 1?4% p.a for 2 years. Find her gain in the transaction per year.

    • Options
    • A. Rs. 101
    • B. Rs. 98.5
    • C. Rs. 124.3
    • D. Rs. 112.5
    • Discuss
    • 10. A person lends Rs. 1540 for five years and Rs. 1800 for four years. If he gets Rs. 1788 as interest on both amounts, what is the rate of interest ?

    • Options
    • A. 14.5%
    • B. 11%
    • C. 12%
    • D. 10.5%
    • Discuss


    Comments

    There are no comments.

Enter a new Comment