SIMPLE INTEREST
SIMPLE INTEREST
SIMPLE INTEREST
➢ Basic Concept of SIMPLE INTEREST
SIMPLE INTEREST
➢ Basic Concept of SIMPLE INTEREST
SIMPLE INTEREST
Q1. Find the total simple interest on Rs. 800 at 8% per annum, on Rs. 700 at 14%
and on Rs.500 at 5%per annum for 4 years.
1. Rs. 748
2. Rs. 756
3. Rs. 628
4. Rs. 432
5. Rs. 726
SIMPLE INTEREST
Q2. A sum of the money is invested at simple interest and become 5 times
itself in 20 years. Find in how many years will it become 15 times itself at
the same rate of interest.
A.50 years
B.56 years
C.60 years
D.68 years
E. None of these
SIMPLE INTEREST
Q3. The simple interest on a sum of money in 5 years at 12 %per annum is
Rs. 400 less than the simple interest accrued on the same sum in 7 years at
10 %per annum. Find the sum.
A. Rs. 4000
B. Rs. 8000
C. Rs. 6000
D. Rs. 5000
E. None of these
SIMPLE INTEREST
Q4. A sum of money Rs.7000 is divided into two parts. First part of the money invested in
simple interest at the rate of 12% per annum for 3 years and second part of money
invested in simple interest at the rate of 1 0 % per annum for 2 years. If the interest obtained
in each part is equal, then find the interest amount in first part?
[Link].800
[Link].600
[Link].900
[Link].700
[Link].1000
SIMPLE INTEREST
Q5. A man took loan from a bank at the rate of 1 2 % p.a. simple interest. After
3 years he had to pay Rs. 5400 interest only for the period. The principal
amount borrowed by him was:
A) Rs.2000
B) Rs.10000
C) Rs.15000
D) Rs.20000
E) None of these
SIMPLE INTEREST
Q6. Kanish invested Rs.8000 in a simple interest scheme at the rate of R% per
annum for 3 years. Kanika invested Rs.7500 in a simple interest scheme at the
rate of (R + 5 ) % per annum for 2 years. If the ratio of the interest received
by Kanish to Kanika is 6:5, then find the value of R?
A.12
B.18
C.10
D.15
E.20
SIMPLE INTEREST
Q7. Amar invested a certain amount for 5 years and he got back an amount
Rs.10,500. If the rate of simple interest is 20 percent then what is the principal
amount invested by Amar?
1. Rs.5,275
2. Rs.4,250
3. Rs.5,250
4. Rs.5,350
5. None of these
SIMPLE INTEREST
Q8. A man invested Rs. 2500 in S I at R%p.a in scheme A for 8 years and the same
man invested Rs. 1200 in SI at (R+2) % p.a in scheme B for 5 years. If the
total interest received by the man is Rs. 900, then what is the value of R%?
A.5%
B.1%
C.4%
D.3%
E.2%
SIMPLE INTEREST
Q9. Akshay puts a sum of money at 4 years, on simple interest at a certain rate. If
the rate was increased by 5 %, he would have fetched Rs. 1500 more. Then
find the amount borrowed by Akshay.
1. Rs. 5,000
2. Rs. 7,500
3. Rs. 8,000
4. Rs. 6,000
5. None of these
SIMPLE INTEREST
Q10. How much time will take for an amount of Rs. 450 to yield Rs. 81 as interest at
4.5% per annum of simple interest ?
A) 4 years
B) 2.5 years
C) 3.5 years
D) 2 years
E) None of these
SIMPLE INTEREST
Q11. A certain sum is invested 1 4% p.a. simple interest for 6 years gives an
interest of Rs. 5460. Find the time in which the interest on sum will be Rs. 10010
when invested at the same rate of simple interest.
1. 8 years
2. 11 years
3. 13 years
4. 10 years
5. 9 years
SIMPLE INTEREST
Q12. A sum of Rs. 3000 is lent out in two parts. In such a way that the simple
interest earned on one part at 10 % per annum for 5 years is equal to that on
another part at 12 . 5 % per annum for 4 years. Then find the sum invested in 12 . 5%
interest?
A. Rs. 1750
B. Rs. 1500
C. Rs. 2500
D. Rs. 2200
E. Rs. 1200
SIMPLE INTEREST
Q13. A man invested a sum at certain rate of interest on simple interest and he
got 60% more amount after 8 years. I f he invest Rs.9600 at the same rate of
interest on SI then find total interest he would get after four years
1. Rs. 3844
2. Rs. 2880
3. Rs. 2520
4. Rs. 2160
5. Rs. 2260
SIMPLE INTEREST
Q14. If a sum of money triple itself in 10 years. What is the rate of simple interest
per year?
1. 15%
2. 16%
3. 25%
4. 28%
5. 20%
SIMPLE INTEREST
Q15. A sum was put at simple interest at a certain rate for 3 years. Had it been put
at 2%higher rate, it would have fetched Rs 360 more. Find the sum.
A) Rs.4000
B) Rs.9000
C) Rs.5000
D) Rs.6000
E) None of these
SIMPLE INTEREST