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  • Question

  • 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

  • Correct Answer
  • Rs. 432 

    Explanation

    Here Avinash gave to Rajeev and Rajeev gave the same to Chanukya

    Principal amount and Time is same but the only difference is Rate of interest.

    Rajeev took @ 8% and gave it to Chanukya @ 6%

    Here the difference in interest rate = 2%

    2% of 5400 should be the extra amount paid by Rajeev to Avinash

    Required amount = 2   x   5400   x   4 100   =   432

     

    Hence, Rs. 432 is the extra amount has to be paid by Rajeev to Avinash after 4 years.

    • Tags: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO, IT Trainer

    Simple Interest problems

    Search Results

    • 1. 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
    • 2. 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
    • 3. 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
    • 4. 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 %
      • Discuss
    • 5. 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
    • 6. 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
    • 7. A certain sum of money becomes double of itself in 15 years at a rate of simple interest. In how many years will it become 5 times of itself at the same rate of simple interest

    • Options
    • A. 45
    • B. 37.5
    • C. 75
    • D. 60
      • Discuss
    • 8. A certain sum of money triples itself in 5 years at simple interest. In how many years it will be five times?

    • Options
    • A. 5
    • B. 8
    • C. 10
    • D. 15
      • Discuss
    • 9. The simple interest on Rs. 2000 for 2 years at Rs. 75 per thousand per annum will be

    • Options
    • A. Rs.150
    • B. Rs.300
    • C. Rs.600
    • D. Rs.400
      • Discuss
    • 10. A sum of Rs. 10,000 is lent partly at 6% and the remaining at 10% p.a. If the yearly interest on the average is 9.2%, the money lent at 10% is:-

    • Options
    • A. Rs. 8000
    • B. Rs. 8500
    • C. Rs. 5000
    • D. Rs. 2000
      • Discuss

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