logo

CuriousTab

CuriousTab

Discussion


Home Aptitude Simple Interest Comments

  • Question
  • If rupee two produces rupees eleven over a period of 30 years, find the rate of simple interest ?


  • Options
  • A. 17.25 %
  • B. 18.14 %
  • C. 18.33 %
  • D. 17.35 %

  • Correct Answer
  • 18.33 % 

    Explanation

    We know that I = PTR/100

    11 = (2x30xR)/100

    R = 18.333 %

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

    Simple Interest problems


    Search Results


    • 1. What will be the ratio of simple interest earned by certain amount at the same rate of interestfor 4 years and 6 years ?

    • Options
    • A. 1:2
    • B. 2:1
    • C. 2:3
    • D. 3:2
    • Discuss
    • 2. What is the SI on Rs.7500/- at the rate of 10% per annum for 5 years?

    • Options
    • A. 3750
    • B. 2750
    • C. 1750
    • D. 750
    • Discuss
    • 3. A loan shark made a loan of $100 to be repaid with $120 at the end of one month. What was the annual interest rate?

    • Options
    • A. 210%
    • B. 220%
    • C. 230%
    • D. 240%
    • Discuss
    • 4. A loan of $15 000 is taken out. If the interest rate on the loan is 7%, how much interest is due and what is the amount repaid if the loan is due in seven months

    • Options
    • A. 15612.50
    • B. 14612.50
    • C. 13612.50
    • D. 17612.50
    • Discuss
    • 5. 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
    • 6. A certain sum is invested at simple interest at 18% p.a. for two years instead of investing at 12% p.a. for the same time period. Therefore the interest received is more by Rs. 840. Find the sum ?

    • Options
    • A. Rs. 5858
    • B. Rs. 8800
    • C. Rs. 7000
    • D. Rs. 6350
    • Discuss
    • 7. An automobile financier claims to be lending money at S.I., but he includes the interest every six months for calculating the principal. If he is charging an interest of 8%, the effective rate of interest becomes ?

    • Options
    • A. 10.25 %
    • B. 8.16 %
    • C. 9.63 %
    • D. 0.16 %
    • Discuss
    • 8. A sum of money at simple interest amounts to Rs. 415 in 2 years and to Rs. 514 in 4 years. The sum is ?

    • Options
    • A. Rs. 316
    • B. Rs. 251
    • C. Rs. 154
    • D. Rs. 294
    • Discuss
    • 9. Avinash gave a sum of 5400 at the simple rate of interest of 8% to Rajeev for 4 years and Rajeev gave this amount to Chanukya at the rate of 6% for 4 years. Find how much extra amount has to be paid by Rajeev to Avinash after 4 years?

    • Options
    • A. Rs. 364
    • B. Rs. 432
    • C. Rs. 498
    • D. Rs. 554
    • Discuss
    • 10. The simple interest on Rs.10 for 4 months at the rate of 3 paise per month is

    • Options
    • A. 0.3 Paise
    • B. 1.2 Paise
    • C. 30 Paise
    • D. 3 Paise
    • Discuss


    Comments

    There are no comments.

Enter a new Comment