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- Question
Rohan borrowed a certain sum of money at simple interest. Rate of interest was 3% per annum for first 3 years, 4% per annum for next 5 years and 6% per annum for next 7 years. If he paid Rs 2059 as interest, then what is the sum borrowed (in Rs)?
Options- A. 2400
- B. 2500
- C. 2900
- D. 3100
- Correct Answer
- 2900
- 1. A sum amounts to Rs 7727.104 at the rate of 12% per annum compounded annually after three years. What is the value of principal (in Rs)?
Options- A. 5000
- B. 5200
- C. 5350
- D. 5500 Discuss
- 2. If a certain sum of money become thrice of itself in 5 years 4 months at simple interest, then what will be the yearly rate of interest (in %)?
Options- A. 18.75
- B. 27.5
- C. 37.5
- D. 42.25 Discuss
- 3. The difference between compound interest and simple interest on a sum for 2 year at 20% per annum is Rs 200. If the interest is compounded half yearly, then what is the difference (in Rs) between compound and simple interest for 1st year?
Options- A. 50
- B. 75
- C. 100
- D. 150 Discuss
- 4. If a certain sum of money doubles itself in 7 years 8 months at simple interest, then what will be the yearly rate of interest (in %)?
Options- A. 18 3/4
- B. 13 1/23
- C. 26 2/23
- D. 30 Discuss
- 5. A certain principal is invested in a scheme of compound interest. The amount obtained after 1 year is Rs 2400 and the amount obtained after 2 years is Rs 2880. What is the rate of interest (in percentage)?
Options- A. 20
- B. 15
- C. 25
- D. 10 Discuss
- 6. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 9% per annum is Rs 405. The sum is ______ .
Options- A. Rs 50000
- B. Rs 100000
- C. Rs 200000
- D. Rs 150000 Discuss
- 7. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 12% per annum is Rs 72. What is the value of given sum (in Rs)?
Options- A. 10000
- B. 20000
- C. 5000
- D. 15000 Discuss
- 8. A bank offers 20% compound interest per half year. A customer deposits Rs 7600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained from interest is
Options- A. Rs 9727
- B. Rs 2432
- C. Rs 4864
- D. Rs 1216 Discuss
- 9. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 16% per annum is Rs 320. What is the value of given sum (in Rs)?
Options- A. 25000
- B. 50000
- C. 37500
- D. 12500 Discuss
- 10. On a certain principal if the Simple interest for two years is Rs 3000 and Compound interest for the two years is Rs 3225, what is the rate of Interest?
Options- A. 7.5 percent
- B. 30 percent
- C. 15 percent
- D. 22.5 percent Discuss
Simple Interest problems
Search Results
Correct Answer: 5500
Correct Answer: 37.5
Correct Answer: 50
Correct Answer: 13 1/23
Correct Answer: 20
Correct Answer: Rs 50000
Correct Answer: 5000
Correct Answer: Rs 4864
Correct Answer: 12500
Correct Answer: 15 percent
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