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Home Aptitude Simple Interest Comments

  • Question
  • A sum becomes Rs 1392 in 2 years and Rs 1488 in 3 years at simple interest. What is the rate (in percentage) of interest per annum?


  • Options
  • A. 8
  • B. 10
  • C. 12
  • D. 8.5

  • Correct Answer


  • Tags: Bank Exams

    Simple Interest problems


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    • 1. 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
    • 2. 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
    • 3. 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
    • 4. 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
    • 5. 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
    • 6. On a certain Principal if the Simple interest for two years is Rs 4800 and Compound interest for the two years is Rs 5088, what is the rate of Interest?

    • Options
    • A. 6 percent
    • B. 24 percent
    • C. 12 percent
    • D. 18 percent
    • Discuss
    • 7. A sum of Rs 2000 becomes Rs 3645 in 2 years at a certain rate of compound interest. What will be the sum (in Rs) after 4 years?

    • Options
    • A. 5942.125
    • B. 6643.0125
    • C. 7243.0125
    • D. 7498.125
    • Discuss
    • 8. If in 3 years at simple interest the principal increases by 18%, what will be the compound interest (in Rs) earned on Rs. 25,000 in 3 years at the same rate?

    • Options
    • A. 4775.4
    • B. 5774.4
    • C. 4557.4
    • D. 5575.4
    • Discuss
    • 9. Dalajit lent Rs 10800 to Jaabir for 3 years and Rs 7500 to Kabir for 2 years on simple interest at the same rate of interest and received Rs 1422 in all from both of them as interest. The rate of interest per annum is

    • Options
    • A. 3.5 percent
    • B. 4 percent
    • C. 3 percent
    • D. 4.5 percent
    • Discuss
    • 10. The effective annual rate of interest corresponding to a nominal rate of 15% per annum payable half-yearly is

    • Options
    • A. 15.56 percent
    • B. 30 percent
    • C. 31.13 percent
    • D. 15 percent
    • Discuss


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