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- Question
A certain sum of money amounts to Rs 918 in 2 years and Rs 969 in 3.5 years at simple interest. What is the rate of interest (in %)?
Options- A. 4
- B. 5
- C. 6
- D. 8
- Correct Answer
- 4
- 1. The amount of simple interest accrued on an amount of Rs 28,500 in seven years is Rs 23,940 What is the rate of interest p.c.p.a ?
Options- A. 10.5
- B. 12.5
- C. 11
- D. 12 Discuss
- 2. Deksha borrowed Rs. 500 at 5% per annum S.I. What amount (in Rs.) will she pay to clear her debt after 4 years?
Options- A. 150
- B. 650
- C. 600
- D. 100 Discuss
- 3. A sum of money was invested at the rate of 7.5% S.I. per annum for 4 years. If the investment was for 5 years, the interest earned would have been Rs. 375 more. What was the initial sum invested?
Options- A. Rs. 4750
- B. Rs. 5000
- C. Rs. 4500
- D. Rs. 3750 Discuss
- 4. 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
- 5. 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
- 6. Deepinder lent Rs 8200 to Jairaj for 16 years and Rs 4900 to Karna for 15 years on simple interest at the same rate of interest and received Rs 19446.5 in all from both of them as interest. The rate of interest per annum is:
Options- A. 10 percent
- B. 10.5 percent
- C. 9.5 percent
- D. 11 percent Discuss
- 7. A money lender lends Rs. 400 for 3 years to a person and lends Rs. 500 for 4 years to the other person at the same rate of simple interest. If altogether he receives Rs. 160 as interest, what is the rate of interest per annum ?
Options- A. 5%
- B. 7%
- C. 9%
- D. 10% Discuss
- 8. Reena 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. 3.6
- B. 6
- C. 18
- D. cannot be determined Discuss
- 9. Jan invested $210 with a building society in a fixed deposit account that paid 8% p.a. simple interest for 18 months. How much did she receive after the 18 months?
Options- A. 434
- B. 345
- C. 235.20
- D. 233.20 Discuss
- 10. When $720 is invested for 36 months it earns $205.20 simple interest. Find the yearly interest rate.
Options- A. 7.5%
- B. 8.5%
- C. 9.5%
- D. 10.5% Discuss
Simple Interest problems
Search Results
Correct Answer: 12
Explanation:
Simple Interest = S.I= pnr/100 Given, S.I = 23940 , p = 28500 , n = 7 thus, r = 100x23940/28500x7 = 12
Correct Answer: 600
Correct Answer: Rs. 5000
Correct Answer: 5.96 %
Explanation:
Difference in amount = 514 - 415 = 99
99 = (415 x 4 x R)/100
R = 5.96%
Correct Answer: Rs. 15,000
Explanation:
Principal = Rs.(100 x 5400)/(12 x 3)= Rs. 15000.
Correct Answer: 9.5 percent
Correct Answer: 5%
Correct Answer: 6
Explanation:
Let rate = R% and time = R years.
Then,
=> R = 6.
Correct Answer: 235.20
Explanation:
I = (p x r x t)/100
I = $25.20
A = P+I
A = 235.20
Correct Answer: 9.5%
Explanation:
r = (100 x I)/(P x T)
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