A sum of Rs. 3000 yields an interest of Rs. 1080 at 12% per annum simple interes

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Question
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

Correct Answer

3 Years

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Simple Interest problems

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1. 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

2. 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

4. 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

6. 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

7. The simple interest on a certain sum of money at the rate of 5% per annum for 8 years is Rs. 840 . Rate of interest for which the same amount of interest can be received on the same sum after 5 years is
Options
A. 7%
B. 8%
C. 9%
D. 10%

10. A sum of Rs. 4000 is lent out in two parts, one at 8% simple interest and the other at 10% simple interest. If the annual interest is Rs. 352. The sum lent at 8% is
Options
A. Rs. 2900
B. Rs. 2200
C. Rs. 2400
D. Rs. 3100

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