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- Question
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%
- Correct Answer
- 2%
- 1. 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
- 2. 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
- 3. 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
- 4. 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
- 5. 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
- 6. 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
- 7. 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
- 8. The simple and compound interest that can be earned in two years at the same rate is Rs 4000 and Rs 4180 respectively. What is the rate (percent per annum) of interest?
Options- A. 18
- B. 4.5
- C. 9
- D. 12 Discuss
- 9. In 2 years at simple interest the principal increases by 8%. What will be the compound interest earned (in Rs) on Rs 10 lakhs in 2 years at the same rate?
Options- A. 86000
- B. 81600
- C. 90000
- D. 94000 Discuss
- 10. What is the rate of interest (in %) if simple interest earned on a certain sum for the 3 years is Rs 6,000 and compound interest earned for 2 years is Rs 4,160?
Options- A. 9
- B. 8
- C. 12
- D. 6 Discuss
Simple Interest problems
Search Results
Correct Answer: 700
Correct Answer: 9
Correct Answer: 15.56 percent
Correct Answer: 3 percent
Correct Answer: 4775.4
Correct Answer: 5 years
Correct Answer: 12 1?2 %
Correct Answer: 9
Correct Answer: 81600
Correct Answer: 8
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