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- Question
Rs. 750 invested for 3 months gave an interest of Rs. 18. What was the simple rate of interest per annum?
Options- A. 9.6%
- B. 2.4%
- C. 7.2%
- D. 12%
- Correct Answer
- 9.6%
- 1. The difference between compound interest compoundedevery 6 months and simple interest after 2 years is 248.10.The rate of interest is 10 percent. Find the sum
Options- A. 12000
- B. 14000
- C. 16000
- D. 18000 Discuss
- 2. In how many years, Rs. 200 will produce the same interest @ 5 % as Rs. 900 produce in 2 years @ 3 ½ % ?
Options- A. 5.2 yrs
- B. 7 yrs
- C. 7.9 yrs
- D. 6.3 yrs Discuss
- 3. Find the simple interest on Rs.600 for 11 months at 5 paisa per month ?
Options- A. Rs. 30
- B. Rs. 3.30
- C. Rs. 33
- D. Rs. 330 Discuss
- 4. A simple interest earned on certain amount is triple the money when invested for 16 years.what is the interest rate offered ?
Options- A. 13.33 %
- B. 14.25 %
- C. 16.98 %
- D. 18.75 % Discuss
- 5. A sum of Rs. 2600 is invested at two different rates of interest. The difference between the simple interests got after 4 years is Rs 402.80 at these two rates, what is the difference between the rates of interest?
Options- A. 1.58
- B. 2.63
- C. 3.87
- D. 4.02 Discuss
- 6. A sum of Rs 15200 is divided into two parts. The simple interest on first part at the rate of 25% per annum is equal to the simple interest on second part at the rate of 13% per annum. What is the interest (in Rs) of each part?
Options- A. 2500
- B. 1300
- C. 3250
- D. 1625 Discuss
- 7. The present of Rs.169 due in 2years at 4% per annum compound interest is
Options- A. Rs.150.50
- B. Rs.154.75
- C. Rs.156.25
- D. Rs.158 Discuss
- 8. 1. The simple interest on a sum of money is Rs. 50. What is the sum? I. The interest rate is 10% p.a. II. The sum earned simple interest in 10 years
Options- A. I alone sufficient while II alone not sufficient to answer
- B. II alone sufficient while I alone not sufficient to answer
- C. Either I or II alone sufficient to answer
- D. Both I and II are necessary to answer Discuss
- 9. Find the simple interest charged on borrowing $325 for 5 years at 3% p.a. (per annum or per year) interest.
Options- A. 59
- B. 46
- C. 48.75
- D. 34.75 Discuss
- 10. You put $750 into a certificate of deposit. Your simple annual interest rate is 4%. You receive a check for the interest at the end of each year. How long will it take to earn $150 in interest?
Options- A. 5years
- B. 6years
- C. 7years
- D. 8years Discuss
Simple Interest problems
Search Results
Correct Answer: 16000
Correct Answer: 6.3 yrs
Explanation:
P = Rs. 900, R = 3 ½ % = 7/2 %, T = 2 years.
Therefore,
S.I. = PTR/100
S.I. = Rs. (900 x 7/2 x 2/100) = Rs. 63
Now, P = Rs. 200, S.I. = Rs. 63, R = 5 %
Time = ((100 x 63) / (200 x 5) ) years = 6.3 years.
Correct Answer: Rs. 3.30
Explanation:
I = (600x11x5)/100 = 330 Paise = Rs. 3.30
Correct Answer: 18.75 %
Explanation:
Given,
S.I = 3 Principal Amount
=> 3A = A x 16 x R/100
By solving, we get
=> R = 18.75%
Correct Answer: 3.87
Explanation:
Let the two different rates of interests be r1 and r2 respectively.
From the given data,
Hence, the difference in the interest rates = 3.87
Correct Answer: 1300
Correct Answer: Rs.156.25
Explanation:
Present worth = 169/(1+4/100)^n = 156.25
Correct Answer: Both I and II are necessary to answer
Explanation:
Given : S.I. = Rs. 50.
I gives, R = 10% p.a.
II gives, T = 10 years.
Sum = (100 x S.I)/(t x r ) = Rs.(100 x 50)/(10 x 10) = Rs.50
Correct Answer: 48.75
Explanation:
I=
Correct Answer: 5years
Explanation:
I=prt
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