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Home Aptitude Simple Interest Comments

  • Question
  • 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

  • Correct Answer
  • 11,250 

    Explanation

    SI = PTR/100

    SI = PX100/100

    SI = P

    So, Amount=P+SI=2P?22500 = 2P?P = 11250

  • Tags: Bank Exams

    Simple Interest problems


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    • 1. 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
    • 2. 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
    • 3. 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
    • 4. 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
    • 5. 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
    • 6. 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
    • 7. 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
    • 8. The simple interest accrued on a sum of money at the end of four years is 1/5th of its principal. What is the rate of interest per annum?

    • Options
    • A. 4%
    • B. 5%
    • C. 6%
    • D. Inadequate data
    • Discuss
    • 9. The difference between compound interest and simple interest on Rs. 5000 for 2 years at 8% per annum payable yearly is

    • Options
    • A. Rs.30
    • B. Rs.31
    • C. Rs.33
    • D. Rs.32
    • Discuss
    • 10. The simple interest on a sum of money for 10 years is Rs 3130. If the principal becomes 5 times after 5 years, then what will be the total interest (in Rs)obtained after 10 years?

    • Options
    • A. 6260
    • B. 7825
    • C. 9390
    • D. 15650
    • Discuss


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