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- Question
Simple interest on a sum for six months at 5% per annum is Rs 65.5.What is the value (in Rs) of sum ?
Options- A. 2600
- B. 2620
- C. 1320
- D. 2880
- Correct Answer
- 2620
- 1. What is the difference (in Rs) in Compound interest earned in 1 year on a sum of Rs 10,000 at 40% per annum compounded quarterly and annually?
Options- A. 461
- B. 346
- C. 463
- D. 641 Discuss
- 2. A certain bank offers 8% rate of interest on the 1st year and 9% on the 2nd year in a certain fixed deposit scheme. If Rs 17,658 are received after investing for 2 years in this scheme, then what was the amount (in Rs) invested?
Options- A. 16000
- B. 15000
- C. 15500
- D. 16500 Discuss
- 3. 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 Discuss
- 4. The rate of simple interest per annum at which a sum of money double itself in 162?3 yrs. is
Options- A. 4%
- B. 5%
- C. 6%
- D. 6 2/3% Discuss
- 5. A sum becomes Rs 1392 in 2 years and Rs 1488 in 3 years at simple interest. What is the rate (in percentage) of interest per annum?
Options- A. 8
- B. 10
- C. 12
- D. 8.5 Discuss
- 6. Simple interest on a sum for 5 years is equal to 20% of the principal. In how many years interest will be equal to the principal?
Options- A. 20
- B. 25
- C. 15
- D. 16 Discuss
- 7. A bank offers 9% p.a. simple interest on an investment. At the end of 4 years the interest earned was $215. How much was invested?
Options- A. 597.22
- B. 345
- C. 456
- D. 378 Discuss
- 8. An amount of $255 was invested at 8.5% p.a. How long will it take, to the nearest year, to earn $86.70 in interest?
Options- A. 2years
- B. 3years
- C. 4years
- D. 5years Discuss
- 9. Jaclyn buys $50 000 worth of debentures in a company. She earns 9.5% p.a. simple interest, paid to her quarterly (that is, every 3 months). If the agreed period of the debenture was 18 months: calculate the amount of interest Jaclyn will earn for each quarter
Options- A. 1187.50
- B. 1234
- C. 1289
- D. 1345 Discuss
- 10. Townbank offers a term deposit account paying investors 12.5% p.a. simple interest on investments over $100 000 for 2 years or more. Peta decides to invest $150 000 in this account for 2 years. How much interest will Peta earn at the end of the investment?
Options- A. 57500
- B. 47500
- C. 37500
- D. 67500 Discuss
Simple Interest problems
Search Results
Correct Answer: 641
Correct Answer: 15000
Correct Answer: Rs. 2400
Correct Answer: 6%
Correct Answer: 8
Correct Answer: 25
Correct Answer: 597.22
Explanation:
I = (p x r x t)/100
Correct Answer: 4years
Explanation:
T = (100 x I)/ (P x r)
Correct Answer: 1187.50
Explanation:
I=(p x r x t)/100
Correct Answer: 37500
Explanation:
I = (p x t x r)/100
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