Find: S.l. on Rs 3000 at 18% per annum for the period from 4th 118 105 108 110 (

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Question
Find: S.l. on Rs 3000 at 18% per annum for the period from 4th
Options
A. 118
B. 105
C. 108
D. 110

Correct Answer

108

Explanation

(24 + 31 + 18) days = 73 days = 1/5 year .

P = Rs 3000 and R = 18 % p.a.

$S . I = (\frac{3000 * 18 * \frac{1}{5}}{100})$

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Simple Interest problems

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1. The simple interest on a sum of money will be Rs.600 after 10 years. If the principal is trebled after 5 years what will be the total interest at the end of the tenth year ?
Options
A. Rs. 1100
B. Rs. 1200
C. Rs. 1000
D. Rs. 1840

2. 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

3. 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

4. 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%

5. 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

6. Arun took a loan of Rs. 29000 with simple interest for as many years as the rate of interest. If he paid Rs. 10440 as interest at the end of the loan period, what was the rate of interest?
Options
A. 5.5%
B. 6%
C. 6.5%
D. 7%

7. A Certain sum of money an amounts to Rs 2500 in a span Of 5 years and further to Rs.3000 in a span of 7 years at simple interest The sum is ?
Options
A. Rs. 1800
B. Rs. 2000
C. Rs. 1400
D. Rs. 1250

8. A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is:
Options
A. 5%
B. 8%
C. 12%
D. 15%

9. The total simple interest earned on a sum of money increases by Rs. 600 when the rate of interest increases by 2% per annum. If the investment was made for 5 years, find the sum of money that was invested ?
Options
A. Rs. 6000
B. Rs. 5550
C. Rs. 7500
D. Rs. 6580

10. Gopal borrowed some money at 12% simple interest. If he had to pay back Rs. 1280 after 5 years, in order to clear off the loan. How much did he borrow?
Options
A. Rs. 800
B. Rs. 620
C. Rs. 560
D. Rs. 480

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