logo

CuriousTab

CuriousTab

Discussion


Home Aptitude Simple Interest Comments

  • Question
  • Althaf borrows Rs. 1500 from two moneylenders. He pays interest at the rate of 12% per annum for one loan and at the rate of 14% per annum for the other. The total interest he pays for the entire year is Rs. 186. How much does he borrow at the rate of 12% ?


  • Options
  • A. Rs. 300
  • B. Rs. 400
  • C. Rs. 1200
  • D. Rs. 1100

  • Correct Answer
  • Rs. 1200 

    Explanation

    Let Althaf lent Rs. A at 14% per year.
    Hence, Money lent at 12% = (1500-A);
    Given, total interest = Rs. 186.
    {(A x 14x 1)/100} + {[(1500-A) x 12 x 1/100]} = 186;
    14A/100 + (18000 -12A)/100 = 186;
    14A + 18000 - 12A = 186x100;
    2A = 18600-18000;
    A = 600/2 = Rs. 300.
    Hence, money lent at 12% = 1500-300 = Rs. 1200.

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

    Simple Interest problems


    Search Results


    • 1. An amount doubles itself in 15 years. what is the rate of interest ?

    • Options
    • A. 7.85 %
    • B. 9.41%
    • C. 6.66 %
    • D. 4.21 %
    • Discuss
    • 2. Question : What is the sum which earned interest ? Statements : a. The total simple interest was Rs. 9000 after 9 years. b. The total of sum and simple interest was double of the sum after 6 years.

    • Options
    • A. Only a is sufficient
    • B. Neither a nor b is sufficient
    • C. Only b is sufficient
    • D. Both a and b sufficient
    • Discuss
    • 3. Find the principal which yields $25,000 when invested at 3% annually for 20 years.

    • Options
    • A. 13841.89
    • B. 14821
    • C. 13468
    • D. 57389
    • Discuss
    • 4. A merchant receives an invoice for a motor boat for $20 000 with terms 4/30, n/100. What is the highest simple interest rate at which he can afford to borrow money in order to take advantage of the discount?

    • Options
    • A. 247.67
    • B. 237.67
    • C. 227.67
    • D. 215.67
    • Discuss
    • 5. How long will it take $3000 to earn $60 interest at 6%?

    • Options
    • A. 2months
    • B. 3months
    • C. 4months
    • D. 5months
    • Discuss
    • 6. Raghu has invested Rs. 1000 and received Rs. 1300 at 6% per annum simple interest after X years. Find thevalue of X.

    • Options
    • A. 4 years
    • B. 3 years
    • C. 2 years
    • D. 5 years
    • Discuss
    • 7. A man lent a sum of money at the rate of simple interest of 4%. If the interest for 8 years is Rs 340 less than the principal, the principal is

    • Options
    • A. Rs 500
    • B. Rs 520
    • C. Rs 540
    • D. Rs 560
    • Discuss
    • 8. A sum was invested for 3 years at simple interest at a certain rate. Had it been invested at 4% higher rate of interest, it would have fetched Rs 600 more. The sum is

    • Options
    • A. Rs 4000
    • B. Rs 4950
    • C. Rs 5000
    • D. Rs 5150
    • Discuss
    • 9. How much simple interest will Rs. 4000 earn in 18 months at 12% per annum?

    • Options
    • A. Rs.216
    • B. Rs.360
    • C. Rs.720
    • D. Rs.960
    • Discuss
    • 10. Simple interest on a certain sum of money for 3 years at 10% per annum is half the compound interest on Rs 6000 for 2 years at 10% per annum. The sum placed on simple interest is

    • Options
    • A. Rs 4200
    • B. Rs 2100
    • C. Rs 1680
    • D. Rs 1050
    • Discuss


    Comments

    There are no comments.

Enter a new Comment