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Home Aptitude Simple Interest Comments

  • Question
  • 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

  • Correct Answer
  • Rs. 1250 

    Explanation

    2500 in 5th year and 3000 in 7th year
    So in between 2 years Rs. 500 is increased => for a year 500/2 = 250
    So, per year it is increasing Rs.250 then in 5 years => 250 x 5 = 1250
    Hence, the initial amount must be 2500 - 1250 = Rs. 1250

  • Tags: AIEEE, Bank Exams, CAT, GATE, GRE, Bank Clerk, Bank PO

    Simple Interest problems


    Search Results


    • 1. 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%
    • Discuss
    • 2. Find: S.l. on Rs 3000 at 18% per annum for the period from 4th

    • Options
    • A. 118
    • B. 105
    • C. 108
    • D. 110
    • Discuss
    • 3. 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
    • Discuss
    • 4. 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
    • 5. 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
    • 6. 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%
    • Discuss
    • 7. 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
    • Discuss
    • 8. 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
    • Discuss
    • 9. A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest

    • Options
    • A. 3%
    • B. 4%
    • C. 5%
    • D. 6%
    • Discuss
    • 10. The interest on a certain deposit at 4.5% p.a. is Rs. 202.50 in one year. How much will the additional interest in one year be on the same deposit at 5% p.a. ?

    • Options
    • A. Rs. 22.5
    • B. Rs. 2.5
    • C. Rs. 202
    • D. Rs. 25
    • Discuss


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