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- Question
The simple and compound interest that can be earned in two years at the same rate is Rs 1,000 and Rs 1,040 respectively. What is the rate (percent per annum) of interest?
Options- A. 9
- B. 10
- C. 8
- D. 11
- Correct Answer
- 8
- 1. Albert invested an amount of x rupees in a fixed deposit scheme offering 10% per annum for 1st year and 15% per annum for 2nd year and received an amount of Rs 20,240 after the two years. What is x (in Rs)?
Options- A. 15000
- B. 16000
- C. 14000
- D. 18000 Discuss
- 2. A sum fetched a total simple interest of Rs 1200 at the rate of 7.5%/yr in 4 years. What is the sum (in Rs)?
Options- A. 4000
- B. 6000
- C. 8000
- D. 7500 Discuss
- 3. In simple interest rate per annum a certain sum amounts to Rs. 5,182 in 2 years and Rs. 5,832 in 3 years. The principal in rupees is
Options- A. Rs. 2882
- B. Rs. 5000
- C. Rs. 3882
- D. Rs. 4000 Discuss
- 4. For what sum will the simple interest at R% for 2 years will be R?
Options- A. 100/2R
- B. 50/R
- C. 100/R
- D. 200/R Discuss
- 5. The rate of simple interest per annum at which a sum of money double itself in 16 2/3 yrs is
Options- A. 4%
- B. 5%
- C. 6%
- D. 6.5% Discuss
- 6. If in 2 years at simple interest the principal increases by 18%, what will be the compound interest (in Rs) earned on Rs 7000 in 3 years at the same rate?
Options- A. 1865.2
- B. 2065.2
- C. 1965.2
- D. 1765.2 Discuss
- 7. If in 3 years at simple interest the principal increases by 15%. What will be the approximate compound interest earned (in Rs lakhs) on Rs 15 lakhs in 3 years at the same rate?
Options- A. 7.81
- B. 2.87
- C. 2.36
- D. 3.38 Discuss
- 8. A invested an amount of x rupees in a bank for 2 years which gave 5% interest in year 1 and 6% interest in year 2. The amount received after 2 years is Rs 24,486. What is the value of x?
Options- A. 23000
- B. 22500
- C. 22000
- D. 21500 Discuss
- 9. he difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 8% per annum is Rs 40. What is the sum?
Options- A. Rs 12500
- B. Rs 6250
- C. Rs 25000
- D. Rs 18750 Discuss
- 10. A sum fetched a total simple interest of Rs. 9648 at the rate of 12% per year in 6 years. What is the sum?
Options- A. Rs 16080
- B. Rs 10720
- C. Rs 8040
- D. Rs 13400 Discuss
Simple Interest problems
Search Results
Correct Answer: 16000
Correct Answer: 4000
Correct Answer: Rs. 3882
Correct Answer: 100/R
Correct Answer: 6%
Correct Answer: 2065.2
Correct Answer: 2.36
Correct Answer: 22000
Correct Answer: Rs 6250
Correct Answer: Rs 13400
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