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Home Aptitude Simple Interest Comments

  • Question
  • 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

  • Correct Answer
  • Rs.15000 

    Explanation

    Let the sum at 15% be Rs x and that at 18% be Rs (24000 - x).

    {(x * 15 * 1)/100 } + { [(24000 ? x) * 18 * 1]/100 } = 4050

    or 15 x + 432000 - 18x = 405000 or x = 9000.

    Money borrowed at 15% = Rs 9000 .

    Money borrowed at 18% = Rs 15000.

  • Tags: GRE

    Simple Interest problems


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    • 1. 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
    • 2. 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
    • Discuss
    • 3. 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
    • 4. 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
    • 5. 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
    • 6. 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
    • 7. 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
    • 8. 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
    • 9. Two equal sums were lent, one at the rate of 11% per annum for five years and the other at the rate of 8% per annum for six years, both under simple interest. If the difference in interest accrued in the two cases is Rs 1008. Find the sum?

    • Options
    • A. Rs. 14,400
    • B. Rs. 15,600
    • C. Rs. 14,850
    • D. Rs. 15,220
    • Discuss
    • 10. A certain amount earns simple interest of Rs. 2260 after 3 years. Had the interest been 1 % more how much more interest would it have earned ?

    • Options
    • A. Rs. 175
    • B. Rs. 220.75
    • C. Rs. 126
    • D. Can't be determined
    • Discuss


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