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  • Question
  • A person divided a sum of Rs. 17,200 into three parts and invested at 5%. 6% and 9% per annum simple interest. At the end of two years, he got the same interest on each part of money. What is the money invested at 9%?


  • Options
  • A. Rs. 3,200
  • B. Rs. 4,000
  • C. Rs. 4,800
  • D. Rs. 5000

  • Correct Answer
  • Rs. 4,000 

    Explanation
    Let sum invested @ 5% be P1, @ 6% be P2 then @ 9% =17200-(P1+P2)
    So according to question
    P1*5*2/100 = P2*6*2/100 or P1 = (6/5) P2
    Also P2*6*2/100 = [17200-(P1+P2)]*9*2/100
    Or 2 P2 = [17200?(11/5)P2] * 3
    Or (2 + 33/5)P2 = 17200 * 3
    P2 = 17200 * 3 * 5 / 43 = 6000
    So P1 = 6/5 P2 = 7200
    So Sum invested @ 9% = 17200?(6000+7200) = Rs 4000
  • Tags: Bank Exams

    Simple Interest problems


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    • 1. A person lent certain sum of money at 10% per annum simple interest. In 20 years the interest amounted to Rs 500 more than the sum lent. What was the sum lent (in Rs)?

    • Options
    • A. 200
    • B. 500
    • C. 1000
    • D. 250
    • Discuss
    • 2. A person invested a total sum of Rs 7900 in three different schemes of simple interest at 3%, 5% and 8% per annum. At the end of one year he got same interest in all three schemes. What is the money (in Rs) invested at 3%?

    • Options
    • A. 2900
    • B. 3500
    • C. 4000
    • D. 5600
    • Discuss
    • 3. Simple Interest received by a person in 10 years on a principal of Rs 9500 is 130% of the principal. What is the rate of interest (in %) per annum?

    • Options
    • A. 12
    • B. 13
    • C. 15
    • D. 19
    • Discuss
    • 4. The difference between the compound interest compounding half yearly for 1 year and the simple interest for 1 year on a certain sum of money lent out at 8% per annum is Rs 64. What is the sum (in Rs)?

    • Options
    • A. 40000
    • B. 42000
    • C. 44000
    • D. 44800
    • Discuss
    • 5. 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
    • 6. A sum fetched a total simple interest of Rs.5,400 at the rate of 12.5 %/yr in 4 years. What is the sum (in Rs)?

    • Options
    • A. 11800
    • B. 12800
    • C. 9800
    • D. 10800
    • Discuss
    • 7. A person borrows some money for 4 years at the rate of simple interest. If the ratio of principal and total interest is 5 : 1, then what is the rate ( in percentage) of interest?

    • Options
    • A. 5
    • B. 25
    • C. 10
    • D. 20
    • Discuss
    • 8. A person borrows some money for 8 years at a rate of simple interest. If the ratio of principal and total interest is 5 : 8, then what is the rate ( inpercentage) of interest?

    • Options
    • A. 10
    • B. 20
    • C. 25
    • D. 30
    • Discuss
    • 9. A sum of Rs. 3000 yields an interest of Rs. 1080 at 12% per annum simple interest in how many years ?

    • Options
    • A. 4 Years
    • B. 3 Years
    • C. 5 Years
    • D. 2.5 Years
    • Discuss
    • 10. Simple interest on a certain sum of money for 3 years at 18% per annum is half the compound interest on Rs. 9000 for 2 years at 10% per annum. The sum placed on simple interest is:

    • Options
    • A. Rs 3500
    • B. Rs 875
    • C. Rs 1750
    • D. Rs 1400
    • Discuss


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