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  • Question
  • 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

  • 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

  • Tags: Bank Exams

    Simple Interest problems


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    • 1. 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
    • 2. 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
    • 3. 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
    • 4. 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
    • 5. 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
    • Discuss
    • 6. The difference between Simple Interest and Compound Interest at the rate of 12% on the same amount for 3 years is Rs. 112.32. What is the principal amount if interest is compounded annually?

    • Options
    • A. Rs. 25000
    • B. Rs. 2500
    • C. Rs. 50000
    • D. Rs. 5000
    • Discuss
    • 7. What Principal will yield Rs. 120 as Simple Interest at 6% p.a. in 10 years?

    • Options
    • A. ? 120
    • B. ? 180
    • C. ? 200
    • D. ? 210
    • Discuss
    • 8. If a person repaid Rs. 22500 after 10 years of borrowing a loan, at 10% per annum simple interest find out what amount did he take as a loan?

    • Options
    • A. 11,225
    • B. 11,250
    • C. 10,000
    • D. 7,500
    • Discuss
    • 9. A sum of money invested at simpleinterest triples itself in 8 years. How many times will it become in 20 years time?

    • Options
    • A. 8 times
    • B. 7 times
    • C. 6 times
    • D. 9 times
    • Discuss
    • 10. Srinivasan invests two equal amounts in two banks giving 8% and 12% rate of interest respectively. At the end of year the interest earned is Rs. 1500. Find the sum invested in each.

    • Options
    • A. Rs. 5800
    • B. Rs. 15000
    • C. Rs. 7500
    • D. Rs. 17,000
    • Discuss


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