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- Question
Each question contains Quantity I and Quantity II. Read the contents clearly and answer your questions accordingly. Quantity I: The Sl on a certain sum of money for 3 years at 5% per annum is Rs 4800. Then the principle is? Quantity II: The Cl on a certain sum of money for 2 years at 6% per annum is Rs. 3708. Then the principle is?
Options- A. Quantity I > Quantity II
- B. Quantity I ? Quantity II
- C. Quantity I < Quantity II
- D. Quantity I < Quantity II
- Correct Answer
- Quantity I > Quantity II
ExplanationQuantity I=15% of Principle=4800
Principle=Rs.32000
Quantity II=12.36% of Principle =3708
Principle=Rs.30000
Hence Quantity I > Quantity II
- 1. 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
- 2. 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
- 3. 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
- 4. 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
- 5. 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
- 6. A sum of Rs 8000 is divided into two parts. The simple interest on first part at the rate of 21% per annum is equal to the simple interest on second part at the rate of 35% per annum. What is the interest (in Rs) of each part?
Options- A. 1050
- B. 840
- C. 1400
- D. 1220 Discuss
- 7. The interest earned on Rs. 1600 at the rate of 5% S>I per annum for 6 yrs would be:
Options- A. 2080
- B. 450
- C. 496
- D. 480 Discuss
- 8. At 9.5% simple interest per annum a sum of money became Rs. 942 in 6 years. The sum initially invested was:
Options- A. 600
- B. 616
- C. 626
- D. 636 Discuss
- 9. Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs 1200 for 2 years at 10% per annum. The sum placed on simple interest is
Options- A. Rs 525
- B. Rs 1050
- C. Rs 260
- D. Rs 420 Discuss
- 10. The difference between the simple interest obtained by investing Rs. 'X' with 8% per annum for an year and by investing Rs. 'X+1400' with 8% per annum for two years is 240 Rs. Find the value of X.
Options- A. 200
- B. 100
- C. 400
- D. 300 Discuss
Simple Interest problems
Search Results
Correct Answer: Rs 2100
Correct Answer: Rs.720
Correct Answer: Rs 5000
Explanation:
Let the rate of interest be R
(Interest at rate (R+4)%)?(Interest at R%)
= 600(PT(R+4)/100) ?(PTR/100)
= 6003PR +12P ?3PR = 60000
12P = 60000
P = 5000
Correct Answer: Rs 500
Explanation:
Rate = 4%
Time = 8 years
Simple Interest = PTR/100
= 32P/100
Given, P ?32P/100 = 34068
P = 34000
P = 500
Correct Answer: 5 years
Correct Answer: 1050
Correct Answer: 480
Correct Answer: 600
Correct Answer: Rs 525
Correct Answer: 200
Explanation:
[(X+1400)*8*2/100] - [(X*8*1)/100]= 240
0.16X + 14*16 - 0.08X = 240
0.08X = 240 - 224
0.08X = 16
X = Rs. 200
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