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- Question
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
- Correct Answer
- 2.36
- 1. 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
- 2. 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 Discuss
- 3. 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
- 4. 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
- 5. 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
- 6. 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
- 7. 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
- 8. 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
- 9. Dev lent Rs. 8000 to Jairam for 17 years and Rs. 4700 to Karnik for 16 years on simple interest at the same rate of interest and received Rs. 21120 in all from both of them as interest. The rate of interest per annum is:
Options- A. 10.5 percent
- B. 10 percent
- C. 11 percent
- D. 11.5 percent Discuss
- 10. In an examination, a student scores 4 marks for every correct answer and loses 1 mark for every wrong answer. If he attempts all 60 questions and secures 130 marks, the no of questions he attempts correctly is :
Options- A. 35
- B. 38
- C. 40
- D. 42 Discuss
Simple Interest problems
Search Results
Correct Answer: 2065.2
Correct Answer: 8
Correct Answer: 16000
Correct Answer: 4000
Correct Answer: Rs. 3882
Correct Answer: 22000
Correct Answer: Rs 6250
Correct Answer: Rs 13400
Correct Answer: 10 percent
Correct Answer: 38
Explanation:
Let the number of correct answers be X.
Number of incorrect answers = (60 ? X).
4x ? (60 ? x) = 130
=> 5x = 190
=> x = 38
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