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- Question
On retirement, a woman gets Rs. 1,45,440 of her provident fund which she invests in a scheme at 20% per annum. Her monthly income from this scheme will be
Options- A. Rs. 2550
- B. Rs. 2424
- C. Rs. 2224
- D. Rs. 2380
- Correct Answer
- Rs. 2424
ExplanationNow, the principal amount P = Rs. 1,45,440
Rate of interest R = 20%/annum
Now monthly income I = PTR/100 = 1,45,440 x 20 x 1/100 x 12
= 2908800/1200
= Rs. 2424.
Hence, her monthly income = Rs. 2424.
- 1. 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
- 2. 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
- 3. 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
- 4. 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
- 5. 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
- 6. Praveena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest ?
Options- A. 6
- B. 7
- C. 9
- D. 11 Discuss
- 7. Lasya invested certain amount for two rates of simple interests at 5% p.a. and 4% p.a. What is the ratio of Lasya's investments if the interests from those investments are equal ?
Options- A. 4 : 5
- B. 5 : 4
- C. 7 : 6
- D. 6 : 7 Discuss
- 8. A person got Rs.48 more when he invested a certain sum at compound interest instead of simple interest for two years at 8% p.a. Find the sum ?
Options- A. Rs.8000
- B. Rs.6500
- C. Rs.7500
- D. Rs.5000 Discuss
- 9. A lady took loan from a bank at the rate of 12% p.a. simple interest. After 3 years she had to pay Rs. 5400 interest only for the period. The principal amount borrowed by her was :
Options- A. Rs. 15,000
- B. Rs. 1,50,000
- C. Rs. 1500
- D. Rs. 1,62,000 Discuss
- 10. At what rate percent on simple interest will Rs.415 amount to Rs.514 in 4 years ?
Options- A. 4.58 %
- B. 5.96 %
- C. 6.52 %
- D. 4.98 % Discuss
Simple Interest problems
Search Results
Correct Answer: 5years
Explanation:
I=prt
Correct Answer: 48.75
Explanation:
I=
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: Rs.156.25
Explanation:
Present worth = 169/(1+4/100)^n = 156.25
Correct Answer: 1300
Correct Answer: 6
Explanation:
Let rate = R% and time = R years.
Then, (1200 x R x R) / 100 = 432
=> R = 6.
Correct Answer: 4 : 5
Explanation:
Let x be the investment of Lasya in 5% and y be in 4%
x(5)(n)/100 = y(4)(n)/100
=> x/y = 4/5
x : y = 4 : 5
Correct Answer: Rs.7500
Explanation:
Where d is difference, r is rate of interest.
=> (48 x 100 x 100) / 8 x 8 = Rs.7500
Correct Answer: Rs. 15,000
Explanation:
Principal = Rs.(100 x 5400)/(12 x 3)= Rs. 15000.
Correct Answer: 5.96 %
Explanation:
Difference in amount = 514 - 415 = 99
99 = (415 x 4 x R)/100
R = 5.96%
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