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- Question
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
- Correct Answer
- Rs. 800
ExplanationLet the principle amount be Rs. P
Interest rate = 12%
Total amount he paid after 5 years = Rs. 1280
ATQ,
Hence, the amount he borrowed = P = Rs. 800.
- 1. 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
- 2. 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
- 3. 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 Discuss
- 4. 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
- 5. 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
- 6. 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
- 7. 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
- 8. Ronika deposited Rs.7000 which amounted to Rs.9200 after 3 years at simple interest. Had the interest been 2% more. She would get how much ?
Options- A. 9850
- B. 9500
- C. 9620
- D. 9760 Discuss
- 9. A man invested an amount at the rate of 10% p.a. on compound interest and after two years he again invested half of the initial amount. If man got Rs. 457.2 Rs. as interest after three years, find the amount received by man after three years, if he invested same amount on simple interest at rate of 15% p.a.?
Options- A. 1740 Rs.
- B. 1760 Rs.
- C. 1720 Rs.
- D. 1780 Rs. Discuss
- 10. An automobile financier claims to be lending money at simple interest, but he includesthe interest every six months for calculating the principal. If he is charging an interest of10%, the effective rate of interest becomes:
Options- A. 10%
- B. 10.25%
- C. 10.5%
- D. none of these Discuss
Simple Interest problems
Search Results
Correct Answer: Rs. 6000
Explanation:
Let the sum invested be Rs. P
Let the rate of interest be R% per annum
=> Interest earned for 5 years = (P x 5 x R/100) = PR/20
Now, given that the interest earned increased by Rs. 600 if the Rate increased to (R+2)%
=> SI = (P x 5 x (R+2))/100 = PR/20 + 10P/100
Hence,
PR/20 + 10P/100 = PR/20 + 600
=> P = 6000
Therefore, the sum invested is Rs. 6000
Correct Answer: 12%
Explanation:
S.I. for 3 years = Rs. (12005 - 9800) = Rs. 2205.
S.I. for 5 years = Rs. = Rs.3675
Principle = Rs.(9800-3675) = Rs.6125
Hence, Rate = =12%
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
Correct Answer: 6%
Explanation:
Principle amount = Rs. 29000
Interest = Rs. 10440
Let rate of interest = r%
=> So, time = r years
According to the question,
10440 = 29000 x r x r/100
290 x r x r = 10440
r x r = 1044/29 = 36
r = 6
Hence, the rate of interest = 6% and time = 6 yrs.
Correct Answer: 108
Explanation:
(24 + 31 + 18) days = 73 days = 1/5 year .
P = Rs 3000 and R = 18 % p.a.
Correct Answer: 6%
Explanation:
S.I. = Rs. (15500 - 12500) = Rs. 3000.
Rate = % = 6%
Correct Answer: Rs. 22.5
Explanation:
We know that I = PTR/100
=> P = 20250/4.5 = 4500
Now, new Interest at 5% = 4500x1x5/100 = 225
Now the additional amount = 225 - 202.5 = Rs. 22.5
Correct Answer: 9620
Explanation:
As the interest rate increases by 2%
=> (7000x3x2)/100 = 420
9200
--------
9620
Correct Answer: 1740 Rs.
Explanation:
Let man invested Rs. A And, after two years amount invested = (A +
Correct Answer: 10.25%
Explanation:
Let the sum be Rs. 100. Then,
S.I. for first 6 months = Rs.[ (100 x 10 x 1)/(100 x 2) ]= Rs.5
S.I. for last 6 months =Rs.[(102 x 10 x 1)/(100 x 2) ] = Rs.5.25
So, amount at the end of 1 year = Rs. (100 + 5 + 5.25) = Rs. 110.25
Effective rate = (110.25 - 100) = 10.25%
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