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Simple Interest

The document contains a series of questions related to calculating simple interest for various principal amounts, interest rates, and time periods. Each question provides multiple-choice answers, with some options marked as correct. The calculations involve basic formulas for simple interest and require understanding of financial concepts.

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0% found this document useful (0 votes)
3 views40 pages

Simple Interest

The document contains a series of questions related to calculating simple interest for various principal amounts, interest rates, and time periods. Each question provides multiple-choice answers, with some options marked as correct. The calculations involve basic formulas for simple interest and require understanding of financial concepts.

Uploaded by

kalaidevarasu
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

I.

INTEREST
1. Find the principal on amount Rs.11,800 at 6% per annum for 3 years
being simple interest annually.

 6%     11,800 




a) 8,000 b) 9,000

c) 10,000 d) 9,500
e) Answer not known / 

2. Simple interest on Rs.1,000 at 10% per annum for 2 years is

1,00010%2

a) 2,000 b) 1,000

c) 200 d) 100
e) Answer not known / 

3. The interest for a principal of Rs.4,500 which gives an amount of


Rs.5,000 at end of certain period is

   4,500    5,000


 


a) 500 b) 200
c) 12% d) 11%
e) Answer not known / 

      


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4. Calculate the simple interest on Rs.7,200 at 12 % per annum for 9
4
months.

3
7,200   12   9   
4


a) 962.4 b) 800.3
c) 784.2 d) 688.5 
e) Answer not known / 

5. Find the simple interest on Rs.5x2y2 for 4xy years at 7y% per annum.

5x2y24xy7y%

7 3 4 7 2 3

a)
5
xy b)
4
xy

4 3 2 4 2 4
c) xy d) xy
5 7
e) Answer not known / 

6. Anita takes a loan of Rs.5,000 at 15% per year as rate of interest. Find
the interest she has to pay at the end of two year.

  15%   5,000   2 




a) 1,800 b) 1,300
c) 1,800 d) 1,500 
e) Answer not known / 

      


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7. A lent Rs.15,000 to B at the rate of interest of 14% per annum. After 6
year, B returned Rs.25,000 and a watch. The cost of watch is

A    14%   B .15,000 


 6   B  A 25,000 
   


a) 2,600 b) 1,980
c) 1,850 d) 1,760
e) Answer not known / 

8. Which among the following is the simple interest for the principal of
Rs.1,000 for one year at the rate of 10% interest per annum?

  1,000   10%  




a) 700 b) 500
c) 150 d) 100 
e) Answer not known / 

2
9. Find simple Interest on Rs.68,000 at 16 % per annum for 9 months.
3

2
68,000 9    16 %   
3



a) 8,500 b) 7,500
c) 6,500 d) 8,000
e) Answer not known / 

      


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10. What will be the simple interest earned on an amount of Rs.16,16,800
1
in 9 months at the rate of 6 % per annum?
4

1
6 %16,8009
4



a) 787.50 b) 812.50
c) 860.00 d) 887.50
e) Answer not known / 

11. Find the simple interest of Rs.500 for 6 years at 5% per annum.

50065%

a) 120 b) 140

c) 150 d) 250
e) Answer not known / 

12. Lokesh invested Rs.10,000 in a bank that pays an interest of 10% per
annum. He withdraw the amount after 2 years and 3 months. Find
the interest he receives

10%   10,000 


   2  3  


a) 1,750 b) 2,000

c) 2,250 d) 2,500
e) Answer not known / 

13. Find the simple interest and the amount due on Rs.6,750 for 219 days
at 10% per annum

6,750219 10% 

a) 415 b) 395
c) 425 d) 405 
e) Answer not known / 
      
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14. Calculate the Simple Interest at 8% rate of interest, one year and 6
months period, for the amount Rs.7,500

7,500 8%    6  




a) 600 b) 900 
c) 1,800 d) 8,400
e) Answer not known / 

15. Anita took a loan of Rs.9,000 from a money lender, who charged inter-
est at the rate of 15% per annum. After 3 years, Anita paid him
Rs.12,500 and a wrist watch to clear the debt. What is the price of the
watch?

 9,000    15% 


  3   12,500  
     
  

a) 600 b) 550 
c) 500 d) 450
e) Answer not known / 

16. Find the simple interest on Rs.25,000 at 8% per annum for 3 years?

25,000 8%3

a) 4,500 b) 5,000
c) 5,500 d) 6,000 
e) Answer not known / 

17. Find the simple interest for 2 years on Rs.4,000 at the rate of interest
5% per annum

4,000

a) `300 b) `500
c) `400 d) `200
e) Answer not known / 
      
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18. Find the Simple Interest on Rs.35,000 at 9% per annum for 2 years.

35,0009%



a) 6,300 b) 6,000
c) 7,400 d) 6,800
e) Answer not known / 

19. Find the simple interest for Rs.20,000 for 4 years at 10% p.a.

20,00010% 4 

a) 7000 b) 8000 
c) 9000 d) 4000
e) Answer not known / 

20. Stephen invested Rs.10,000 in a savings bank account that earned 2%


simple interest. Find the interest earned if the amount was kept in
the bank for 4 years.

10,0002%
    4   
 

a) 200 b) 800 
c) 500 d) 1,000
e) Answer not known / 

21. The simple interest on Rs.10,950 for 42 days at 10% per annum is

10,950 10%  42 

a) 116 b) 74

c) 126 d) 108
e) Answer not known / 

      


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22. Find the simple interest Rs.3,000 at 6 % per annum for the period
4
from 4th Feb 2005 to 18th April 2005.

1
3,000  6 %4200518
4
2005

a) 36.50 b) 37.50 
c) 38.50 d) 39.50
e) Answer not known / 

23. In an ordinary year find the simple interest on Rs.900 for 73 days at
8%p.a.

        





A) `14.40 B) `15.50
C) `15.40 D) `14.50
E) Answer not known/ 

24. Find the simple interest on Rs.45,000 at 10% per annum for 5 years.



A) `9,000 B) `22,500 
C) `4,500 D) `20,500
E) Answer not known/ 

2
25. Find the simple interest on Rs.68,000 at 16 % per annum for 9
3
months.

2
16 %
3


A) `8,500 B) `8,000
C) `9,400 D) `9,100
E) Answer not known/ 
      
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26. Ramesh deposited Rs. 15,600 in a fixed deposit at 10% per annum
simple interest. After every second year he adds his interest earning
to the principal. The interest added at the end of 4th year is

        


      

  ________ 

A) `1,716 B) `1,560


C) `3,744 D) `1,872
E) Answer not known/ 

27. Find the SI for Rs.2,000 at 5% p.a. for 2 years




A) `200 B) `400
C) `500 D) `600
E) Answer not known/ 

28. Aravind borrowed a sum of Rs. 8,000 from Akash at 7% per annum.
Find the interest and amount to be paid at the end of two years.


       
   


A) `1120, `9,120 B) `1020, `9,020
C) `1,000, `9,000 D) `920, `8,920
E) Answer not known/ 

      


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29. Vignesh borrows Rs.10,000 for 2 years at 4% p.a. simple interest. He
lends it to Sanjay at 6% p.a. for 2 years. Find his gain in this transac-
tion per year.

        


       
       



A) 200 B) 400
C) 600 D) 800
E) Answer not known/ 

30. Find the simple interest on Rs.5,000 at 10% per annum for 5 years



A) `25 B) `2,500 
C) `250 D) `500
E) Answer not known/ 

31. Find the simple interest on Rs.25,000 at 8% per annum for 3 years



A) `12,000 B) `6,000 
C) `8,000 D) `4,000
E) Answer not known/ 

32. Find the simple interest of the principal Rs.35,500 at 10% per annum
1
for 3 years
2

1
 
2


A) `12,400 
B) `12,425
C) `12,450 D) `12,500
E) Answer not known/ 
      
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II. PRINCIPLE/AMOUNT
1. If a principal becomes Rs.17,000 with simple interest at the rate of
12% per annum, in 3 years, then the principal is
  12%    3  17,000 


a) 11,000 b) 11,500
c) 12,000 d) 12,500 
e) Answer not known / 
2. What sum of money will earn Rs.500 as simple interest in 1 year at
5% per annum?
5%500
 

a) 50000 b) 30000

c) 10000 d) 5000
e) Answer not known / 
3. If Meena gives an interest of Rs.45 for one year at 9% rate. What is the
sum she has borrowed?
  9%     45 


a) 1000 b) 1500

c) 500 d) 1200
e) Answer not known / 
4. A principal becomes Rs.10,050 at the rate of 10% in 5 years. Find the
principal.
   10%   5  10,050


a) 6,500 b) 6,700 
c) 6,000 d) 3,350
e) Answer not known / 
      
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5. The Simple Interest at x% for x years will be Rs. x on a sum of
xx
  

 100 
a) Rs.x 
b) Rs.  x 
 
 100 
c) Rs.100x d) Rs.  x 2 
 
e) Answer not known / 
6. A certain sum of money amounts to Rs.10,080 in 5 years at 8%. Find
the principal.
   8%   5  10,080


a) 7,000 b) 7,200 
c) 7,100 d) 7,300
e) Answer not known / 
7. Arvind borrowed a sum of Rs.8,000 from Akash at 7%. per annim.
Find the amount to be paid at the end of 2 years at simple interest.
8,0007%
       
   

a) 1,120 b) 1,210
c) 9,120 d) 9,210
e) Answer not known / 
8. A sum of rupees 800 amounts to rupees 920 in 3 years at simple inter-
est. If the rate of interest is increased by 3%, what would be the amount
800  3    920   
3%

a) 990 b) 992 
c) 1092 d) 892
e) Answer not known / 
      
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9. Ram deposited Rs.15,000 as fixed deposit. If the bank gives 4$ as simple
interest after 73 days how much total amount he will get?
15,000
4%73 
  

a) 16,000 b) 15,000

c) 15,120 d) 15,100
e) Answer not known / 
1
10. A sum at simple interest of 13 % per annum amounts to Rs.3,080 in
2
4 year. Find the Principal.

1
 13 %    4   
2
3,080


a) 2,000 b) 1,850
c) 1,650 d) 1,550
e) Answer not known / 
11. Sheela has paid simple interest on a certain sum for 4 years at 9.5%
per annum is Rs.21,280. Find the sum.
4 9.5%
21,280 

a) 50,600 b) 65,000

c) 56,000 d) 66,000
e) Answer not known / 
12. If Meena gives an interest of Rs.45 for one year at 9% p.a and she has
borrowed the amount of Rs.4x, then, find x
9% 45
4x, x - 

a) 500 b) 250

c) 125 d) 75
e) Answer not known / 
      
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13. A Principal becomes Rs.10,050 at the rate of 10% in 5 years. Find the
principal.
10%510,050


a) Rs.7,000 b) Rs.6,500

c) Rs.6,700 d) Rs.6,900
e) Answer not known / 
14. Kumaravel has paid Simple interest on a certain sum for 2 years at
10% per annum is Rs.750. Find the principal
10%2
750
a) Rs.3,350 b) Rs.3,450
c) Rs.3,550 d) Rs.3,750 
e) Answer not known / 
15. In Simple Interest, a sum of money amounts to Rs.6,200 in 2 years
and Rs.6,800 in 3 years. Find the principal and rate of interest.
      2   6,200
3 6,800
 

a) 4,000, i = 15% b) 5,000, i =12% 


c) 6,000, i = 10% d) 3,000, i = 20%
e) Answer not known / 
1
16. A sum of simple interest at 13 % per annum to Rs.2,502.50 after 4
2
years. Find the sum.
1
    13 %   4 
2
2,502.50  
a) 1526 b) 1256
c) 2156 d) 1625 
e) Answer not known / 
      
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17. What principal will yield Rs.60 as simple interest at 6% p.a. in 5 years?

6%560


a) 800 b) 600
c) 400 d) 200 
e) Answer not known / 

18. A certain sum of money amounts to Rs.8,880 in 6 years and Rs.7,920


in 4 years respectively. Find the principal.

8,88047,920


a) 5,000 b) 5,500
c) 6,000 d) 6,500
e) Answer not known / 

19. A person decides to create a fund to be invested at 10% per annum to


provide for prize of Rs.500 every year. The initial investment is

    500    10%





a) 4,000 b) 5,000 
c) 6,000 d) 5,500
e) Answer not known / 

20. Arun has paid Simple Interest on a certain sum for 3 years at 15% per
annum is Rs.450. Find the sum.

15%3 450


a) 800 b) 900
c) 1,000 d) 2,000
e) Answer not known / 

      


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21. If the simple interest at the rate of x% per annum, for x years, is `x,
then the principal amount is
  x%   x-  
`x   
 100 
a) `x 
b) ` 
 x 

100
c) `100 x d) `
x2
e) Answer not known / 
22. Raman has paid Rs. 800 as a simple interest on certain sum of amount
for 4 years at the rate of 8% per Annum. Then the sum of amount is
    8%  4  
800    
a) 2,000 b) 2,100
c) 2,400 d) 2,500 
e) Answer not known / 
23. In a simple interest, a sum of money amounts to Rs.6,200 in 2 years
and Rs.6,800 in 3 years. Find the principal.
      2  6.200
 3  6,800    



a) 5,000 b) 5,800
c) 8,400 d) 4,800
e) Answer not known / 
24. A person lent a sum of money @6% per annim. In 8 years, the simple
interest was Rs.260 less than the sum lent. Find out the sum lent.
    6%    8
260


a) 400 b) 450

c) 500 d) 525
e) Answer not known / 
      
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25. A farmer borrowed Rs. 20,000 from a money lender at 4.5% per an-
num in simple interest. The amount paid by him to clear the loan
after a period of 5 years is

`
       


A) `4,500 B) `15,500
C) `17,000 D) `24,500 
E) Answer not known 

26. A principal becomes `17,000 at the rate of 12% in 3 years. Find the
principle

        `17,000




A) `6120 B) `12,500
C) `4500 D) `10,620

E) Answer not known/ 

27. Find the principal that will yield a simple interest of Rs.300 in 3 years
at 2% rate of interest per annum.





A) `5,000 B) `3,000
C) `2,000 D) `1,000
E) Answer not known/ 

28. A princiapl becomes Rs.6,750 at a simple interest the rate of 5% in 7


years. Find the principal

          




A) ` 7,000 B) ` 6,000

C) ` 5,000 D) ` 4,000
E) Answer not known/ 
      
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29. A sum was put at simple interest at a certain rate for 3 years. Had it
been put at 3% higher rate, it would have fetched Rs. 360 more. Find
the sum.


      



A) `4,000 B) `6,000
C) `8,000 D) `9,000
E) Answer not known 

30. Deepika has paid Simple Interest on a certain sum for 12 years at 5%
per annum is Rs.3,600. Find the sum

         



A) `6,000 B) `3,000
C) `5,000 D) `4,000
E) Answer not known/ 

31. In the year 2015 ticket to the world cup cricket match was `1500.
This year the price has been increased by 18%. What is the price of a
ticket this year?


 `        
 

A) `1580 B) `1700

C) `1770 D) `1800
E) Answer not known/ 

      


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32. The principal becomes Rs.17,000 at the rate of 12% simple interest in
3 years. Find the principal

       




A) `10,250 
B) `12,500
C) `13,500 D) `17,000
E) Answer not known/ 

33. A person takes a loan of Rs.2,000 at 6% simple interest. He returns


Rs.1,000 at the end of one year. In order to clear his dues at the end
of 2 years how much he would pay?

        





A) `1,240 
B) `1,180
C) `1,120 D) `1,200
E) Answer not known/ 

34. Find the amount to be received after 2 years 6 months at the rate of
5% p.a. of Simpel Interest on a sum Rs.6,400

        


   

A) 800 
B) 7,200
C) 640 D) 7,040
E) Answer not known/ 

      


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35. When the rate of interest in a bank is reduced from 5% to 4%, a man
deposits Rs.2,000 more and his annual income remains the same.
The original deposit is


       



A) `8,000 B) `7,500
C) `8,500 D) `7,000
E) Answer not known/ 

36. A principal becomes Rs.20,100 at the rate of 10% in 5 years. Find the
principal.




A) `13,400 B) `10,050
C) `40,200 D) `15,100
E) Answer not known/ 

37. A sum of money at simple interet amounts to be Rs.815 in the 3rd


year and to be Rs.854 in the 4th year. Find the sum

        


        

A) `650 B) `690

C) `698 D) `700
E) Answer not known/ 

      


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III. RATE OF INTEREST

1. A sum of Rs.48,000 was lentout at simple interest and at the end of 2


years and 2 months the total amount was Rs.55,560. Find the rate of
interest per year.

48,00022
     55,560  



a) 7% b) 8%
c) 9% d) 10%
e) Answer not known / 

2. Which rate of interest, yields an interest of Rs.200 for the principal


amount of Rs.2,000 in one year?

    2,000  200- 





a) 10% b) 20%
c) 5% d) 15%
e) Answer not known / 

3. Sathish Kumar boght a amount of Rs.52,000 from a person on simple


interest. After 4 years he paid the total amount Rs.79,040 to the per-
son then calculate the rate of simple interest.

        52,000 


4
79,040   

a) 11% b) 12%

c) 13% d) 14%
e) Answer not known / 

      


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4. A sum of Rs. 46,000 was lent out at Simple Interest and at the end of 1
year and 9 months, the total amount was Rs.52,440. Find the rate of
interest per year.
 46,000  1  9     
52,440
a) 7% b) 8% 
c) 5% d) 6%
e) Answer not known / 
5. Basha borrowed Rs.8,500 from a bank at a particular rate of simple
interest. After 3 years he paid Rs.11,050 to settle his debt. At what
rate of interest he borrowed the money?
       
8,500       11,050



a) 10% b) 5%
c) 20% d) 15%
e) Answer not known / 
6. If a sum becomes double in 10 years. What is the annual rate of simple
interest?
10         

a) 5% b) 8%

c) 10% d) 20%
e) Answer not known / 
7. A sum of Rs.36,000 was lent out at S.I. and at the end of 2 years and 3
months. The total amount was Rs.42,480. Find the rate of interest per
year.
   36,000 2  3  
      42,480  
 
a) 5% b) 6%
c) 7% d) 8% 
e) Answer not known / 
      
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8. At what rate of simple interest, the principle Rs.48,000 will amount to
Rs.55,560 in 2 years 3 months.
 48,000  2  3    
55,560

a) 5% b) 6%
c) 7% d) 8%
e) Answer not known / 
9. If Manohar pays an interest of Rs.750 for 2 years on a sum of Rs.4,500.
Find the rate of interest.
  4,500- 750  2  

1
a) 8% 
b) 83%
2 3
c) 8 3 % d) 8 4
e) Answer not known / 
10. A sum of money, put at simple interest, tribles itself in 15 years, find
the rate of interest.
15 

2 1
a) 12 %
3 
b) 13 %
3
2
c) 16 % d) 20%
3
e) Answer not known / 
11. If a principal of Rs.100 is getting doubled in 4 years at S.I, then calcu-
late the rate of interest.
100  4     

a) 28% b) 25% 
c) 17% d) 21%
e) Answer not known / 
      
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12. Find the rate of interest at which a principal becomes Rs.8,800 in 6
years and Rs.7,920 in years.

   6  8,800  4 


7,920

a) 4% b) 6%

c) 8% d) 10%
e) Answer not known / 

13. If a principal is getting doubled after 4 years, then caluclate the rate of
Simple interest

  4       


 

a) 20% b) 25% 
c) 30% d) 50%
e) Answer not known / 
14. If the principal of gettting after 4 years, then calculate the rate of
interest.
  4      


a) 5% b) 15%
c) 25% d) 35%
e) Answer not known / 
15. A sum of Rs.48,000 was lent out at simple interest and at the end of 2
years and 3 months the total amount was Rs.55,560. Find the rate of
interest per year.
48,00023
   55,560 


a) 6% b) 8%
c) 7% d) 7.5%
e) Answer not known / 
      
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16. At what rate of Simple Interest will Rs.350 amount to Rs.455 in 6
years?

350   6   455 


  

a) 15% b) 25%
c) 10% 
d) 5%
e) Answer not known / 

17. Which among the following rate of interest yields an interest of Rs.200
for the principal of Rs.2,000 for one year?

    2,000   200 


   


a) 10% b) 20%
c) 5% d) 15%
e) Answer not known / 

18. In a certain time, a sum becomes 4 times at the rate of 5% per annum.
At what rate of smple interest, the same sum become 8 times in
thesame duration?

     5%   4


8


3 2
a) 11 %
5 
b) 11 %
3
3 2
c) 12 % d) 12 %
5 3
e) Answer not known / 

      


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19. A certain amount of money when invested on a simplke interest basis
double in 8 years, what is the % rate of interest?

   8   


     


a) 10% b) 11.5%
c) 12% d) 12.5% 
e) Answer not known / 

20. Calculate the rate of interest when we get Rs.1,680 as a simple inter-
est for the principal amount Rs.7,000 in 16 months.

7,000  16  1,680   


 

3
a) % b) 1.5%
14


c) 18% d) 32%
e) Answer not known / 

21. If a person pays an interest of Rs.750 for 2 years on a sum of Rs.4,500.


Find the rate of interest.

4500750
 

1
a) 6% b) 7 %
2
1 1
c) 8 %
3
d) 9 %
4
e) Answer not known / 

      


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22. A sum of Rs.6,000 amouts to Rs.7,200 in four years under simple in-
terest. What is the percentage rate of interest?

6,600 47,200
 

a) 4% b) 4.5%
c) 5% d) 5.5%
e) Answer not known / 

23. The simple interest for the principal of Rs.1000 for one year is Rs.100.
Find the rate of interest.

1000   100   




a) 5% b) 10% 
c) 15% d) 20%
e) Answer not known / 

4
24. The simple interest on a sum of money is of the principal and the
9
number of years is equal to the rate percent per annum then find the
rate per annum.

4
        
9


1 2
a) 6 %
3 
b) 6 %
3
1 2
c) 5 % d) 5 %
3 3
e) Answer not known / 

      


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25. A sum of Rs.46,000 was lent out at simple interest and at the end of 1
year 9 months, the total amount was Rs.52,440. Find the rate of inter-
est per year?
 46,000 1  9      
52,440
a) 6% b) 8% 
c) 10% d) 4%
e) Answer not known / 
26. If certain sum of amount becomes doubled in 10 years. Then its rate of
interest is
   10    

a) 5% b) 10% 
c) 15% d) 20%
e) Answer not known / 
27. A bank pays Rs.240 as interest for 2 years for a sum of Rs.3000 depos-
ited as savings. Find the rate of interest given by the bank.
     3,000
2        
 
a) 3% b) 4% 
c) 5% d) 6%
e) Answer not known / 
28. If Arun lent Rs.5,000 to Balaji for 2 years and Rs.3,000 to Charles for
4 years on simple interest, at the same rate of interest and received
Rs.2,200 in all from both of them as interest then rate of interest was
   5,000 2   
3,000 4      
2,200
a) 5% b) 7.5%

c) 10% d) 12.5%
e) Answer not known / 
      
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29. Kumar borrowed `52,000 from a money lender at a particular rate of
simple interest. After 4 years, he paid `79,040 to settle his debt. At
what rate of interest he borrowed the money?

      ` 


`


A) 12% 
B) 13%
C) 15% D) 11%
E) Answer not known/ 

30. The difference between the simple interest received from two different
sources on `1,500 for 3 years is `13.50. The difference between their
rate of interest is

`1,500       


  `13.50    

A) 0.1% B) 0.2%

C) 0.3% D) 0.4%
E) Answer not known/ 

31. If Re.1 becomes Rs.9 in 60 years at a simple interest, then the rate %
per annum is

         



1
A) 15% 
B) 13 %
3
C) 12% D) 18%
E) Answer not known/ 

      


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32. A what rate of simple interest a certain sum will be double in 15
years?

      




1 1
A) 6 % B) 5 %
3 3

2 2
C) 5 %
3 
D) 6 %
3
E) Answer not known/ 

33. Kumar borrowed `8,500 from a bank at a particular rate of simple


interest. After 3 years, he paid `11,050 to settle his debt. At what
rate of interest he borrowed the money from bank.

`8,500-
     `11,050-  


A) 8% B) 9%

C) 10% D) 11%
E) Answer not known/ 

34. If the Simple Interest on Rs. 20,000 be more than the Simple Interest
on Rs.15,000 by Rs.3,000 in 5 years, the rate percent p.a. is?

        


      


A) 9.8% B) 10%

C) 12% D) 12.5%
E) Answer not known/ 

      


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35. At what rate of percentage per annum will a sum of money double in
16 years?

        




3 3
A) 7 % B) 6 %
4 4

2 1
C) 8 %
3 
D) 6 %
4
E) Answer not known /

36. A sum of money amounts to Rs.11,025 after 5 years and Rs.13,965


after 8 years at the same rate of simple interest. Find the rate of
interest per annum.

       


        


A) 14% B) 15%

C) 16% D) 17%
E) Answer not known/ 

      


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IV. [Link]. YEARS

1. In what time period will Rs.10,000 earn an interest of Rs.2,000 at 10%


per annum?


a) 2 years b) 5 years
c) 6 years d) 3 years
e) Answer not known
10,00010%
2,000   

a) 2  b) 5 
c) 6  d) 3 
e) 

2. In what time will Rs.8,000 at 3% per annum, produce the same inter-
est as Rs.6,000 does in 5 years at 4% simple interes?

1

a) 5 years b) 5 2 years
1
c) 3 years d) 3 2
e) Answer not known
6,0005 4%
 ,000 3%      
     

1
a) 5  b) 5 2 
1
c) 3  d) 3 2

e) 

      


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3. In how much time will the simple interest on Rs.3,000 at the rate of
8% per annum be the same as simple interest on Rs.4,000 at 12% per
annum for 4 years?
a) 6 years b) 7 years

c) 8 years d) 9 years
e) Answer not known
4,0004 12%
 3,000 8%      
     
a) 6  b) 7 
c) 8  d) 9 
e) 
4. In what time will Rs.5.600 amount to Rs.6,720 at 6% per annum?

1
a) 3 years b) 3 4 years
1 1

c) 3 3 years d) 3 2 years
e) Answer not known
  5,600, 6%     6,720

1
a) 3  b) 3 4 
1 1
c) 3 3  d) 3 2 
e) 
5. Find the number of years for the principal Rs.2,500 rate of interest
2.5% and simple interest Rs.187.50?
2,500 2.5% 187.50 

a) 2 b) 3 
c) 4 d) 5
e) Answer not known / 
      
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6. In what time will Rs.17,800 amount to Rs.19,936 at 6% simple inter-
est per annum?

1
A) 4 years B) 3 years C) 2 years
2

D) 2 years E) Answer not known

  

1
A)   B)   C)   
2
D)   E) 

7. In how much time will the Simple Interest on Rs.3,000 at the rate of
8% per annum be the same as simple interest on Rs.4,000 at 12% per
annum for 4 years?

a) 2 years 
b) 8 years c) 4 years
d) 6 years e) Answer not known

3,0008% 4,000
  12%  4    
 

a) 2  b) 8  c) 4 


d) 6  e) 

8. Selvam saves Rs.5,000 every 3 months. How many years will it take
for him to save Rs.1,50,000?

1
a) 90 years 
b) 7
2
years c) 9 years
d) 30 years e) Answer not known

 5,000      


1,50,000   

1
a) 90  b) 7  c) 9 
2
d) 30  e) 
      
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9. Calculate the number of years on which the amount Rs.16,500/- is
matured to 22,935/- at the rate of simple interest 13% per annum.

13%16,500-
 22,935  

a) 2 b) 3 
c) 4 d) 5
e) Answer not known / 

10. In how many years will a principal becomes triple at 8% per annum?

a) 20 years 
b) 25 years
c) 30 years d) 32 years
e) Answer not known

   8%     




a) 20  b) 25 
c) 30  d) 32 
e) 

11. In how many years will a sum of Rs.5,000 amount to Rs.5,800 at the
rate of 8% per annum?

1

a) 2 years b) 2
2
years

c) 3 years d) 1 years
e) Answer not known

8%5,000 .5,800 

1
a) 2  b) 2 
2
c) 3  d) 1 
e) 

      


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12. In how many years will Rs.2,000 become Rs.3,600 at 10% p.a . simple
interest?

a) 2 years b) 16 years c) 8 years 


d) 10 years e) Answer not known

2,000 10%3,600
 

a) 2  b) 16  c) 8 


d) 10  e) 

13. Riya bought Rs.15,000 from a bank to buy a car at 10% simple inter-
est. if she paid Rs.9,000 as interest while clearing theloan, find the
time for which the loan was given

a) 3 years b) 4 years c) 6 years 


d) 5 years e) Answer not known

    15,000 10%  


    9,000   


a) 3  b) 4  c) 6 


d) 5  e) 

14. In what time will Rs.13,000 amount to Rs.15,080 at 8% simple inter-


est pera annum?


a) 2 years b) 3 years c) 4 years
d) 5 years e) Answer not known

8%13,000
15,080  

a) 2  b) 3  c) 4 


d) 5  e) 

      


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15. In Simple Interest, if a sum of money doubles in n years then in which
year it will become m times?

n 
m 

a) m b) mn

c) (m-1)  n d) mn -1
e) Answer not known / 

16. How much time will it take for an amount of Rs.450 to yield Rs.81 as
interest at 4.5% per annum of simple interest?

a) 3.5 years 
b) 4 years
c) 4.5 years d) 5 years
e) Answer not known

450  4.5%     


 81 

a) 3.5  b) 4 


c) 4.5  d) 5 
e) 

17. Value of a machine depreciates 10% p.a. If the present value is `16,000
after how many years it will worth half the present value.

A) 2 years B) 3 years
C) 4 years D) 5 years 
E) Answer not known
        
      


A)   B)  
C)   D)  
E) 

      


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18. 219 Days = ________ year.

219  = ________ .

73 73
A) B)
4 122

5 3
C)
3 
D)
5
E) Answer not known/ 

19. At simple interest, a sum becomes 3 times in 20 years. Find the time,
in which the sum will be double at the same rate of interest.

A) 8 year B) 10 year 
C) 12 year D) 14 year
E) Answer not known

 

A)  B)  


C)   D)  
E) 

20. Vijay invested Rs.10,000 at the rate of 5% simple interest per an-
num. He received Rs.11,000 after some years. Find the Number of
years.

A) 3 years B) 2 years 
C) 4 years D) 1 year
E) Answer not known



A)   B)  
C)   D) 
E) 

      


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21. A borrows Rs. 16,000 at 12% p.a. simple interest and B-borrows Rs.
12,000 at 18% p.a. simple interest. In how many years will their
amounts debt be equal?

2 2 2
A) 12
3
years B) 14 years
3 
C) 16 years
3

2
D) 18 years E) Answer not known
3
A 
   B     

 

2 2 2
A) 12  B) 14  C) 16 
3 3 3
2
D) 18  E) 
3

22. How many years is needed for the amount 6,800 with 8% simple in-
terest per annum to change as 9,520 rupees?


A) 5 years B) 10 years C) 8 years
D) 4 years E) Answer not known
         
 
A)   B)   C)  
D)   E) 
23. At what time will Rs.17,000 will increase Rs.18,200 at 7% per
annum?

       


 

1 1
A) 1 years / B) 1 years/
117 118

1 101

C) 1
119
years/ D) 1
119
years/
E) Answer not known / 
      
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24. A sum of money at simple interest triples itself in 15 years. It will
become 5 times of itself in _____ years

A) 25 years B) 30 years 
C) 36 years D) 40 years
E) Answer not known
        


A)   B)  


C)   D)  
E) 

25. In how many months the principal of Rs.2,000 will double at 8% per
annum in simple interest?

A) 144 months B) 150 months 


C) 120 months D) 140 months
E) Answer not known
        
 

A)   B)  


C)   D)  
E) 

26. In how many yers will a sum of money double itself at 20$ per an-
num simple interest

A) 5 years 3 months B) 5 years 


C) 5 years 6 months D) 5 years 9 months
E) Answer not known
       
 

A)  B)  
C)  D) 
E) 
      
99445 11344 98942 41422 75503 52916 98431 10566
39 97555 52003 90433 10773 98840 51717 95147 89102
V. MISCELLANEOUS

1. Ram deposited Rs.200 at the beginning of every month in R-D and


received Rs.19,656 at the end of 6 years. Find the rate of [Link] by
the bank

200(R-D)
   6   19,656  


a) 8% b) 10%

c) 12% d) 9%
e) Answer not known / 

      


99445 11344 98942 41422 75503 52916 98431 10566
40 97555 52003 90433 10773 98840 51717 95147 89102

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