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- Question
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
- Correct Answer
- 15.56 percent
- 1. 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
- 2. 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
- 3. 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
- 4. 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
- 5. 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 Discuss
- 6. A sum becomes Rs 2286 in 3 years and Rs 2448 in 4 years at simple interest. What is the rate (in percentage) of interest per annum?
Options- A. 10
- B. 9
- C. 8
- D. 11 Discuss
- 7. An equal sum is invested in two different schemes. One scheme gives simple interest and the other gives compound interest (annual compounding). The sum of interest obtained after 2 years from both the schemes is Rs 2961. If both schemes have 23% per annum interest rate, then what is the first year interest (in Rs)of simple interest scheme?
Options- A. 500
- B. 1100
- C. 700
- D. 900 Discuss
- 8. A sum of Rs. 1200 is lent to be paid back in 5 equal annual installments of Rs. 264 each. The rate of interest per annum is
Options- A. 6%
- B. 8%
- C. 2%
- D. 4% Discuss
- 9. Alipta got some amount of money from her father. In how many years will the ratio of the money and the interest obtained from it be 10:3 at 6% simple interest per annum?
Options- A. 7 years
- B. 3 years
- C. 5 years
- D. 4 years Discuss
- 10. If a sum of money doubles itself in 8 yrs, then the interest rate in percentage is ?
Options- A. 8 1?2%
- B. 10%
- C. 10 1?2 %
- D. 12 1?2 % Discuss
Simple Interest problems
Search Results
Correct Answer: 3 percent
Correct Answer: 4775.4
Correct Answer: 6643.0125
Correct Answer: 12 percent
Correct Answer: 8
Correct Answer: 9
Correct Answer: 700
Correct Answer: 2%
Correct Answer: 5 years
Correct Answer: 12 1?2 %
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