SIMPLE INTEREST 2023

ASSIGNMENT
1. Find S.I. on Rs. 10000 at 10 % p.a. for 2 charged half-yearly, what amount will
years. he get after 42 months?
(a) 1000 (b) 3000 (a) 27,800 (b) 28,100
(c) 4000 (d) 2000 (c) 29,100 (d) 28,500

2. At the rate of 8 % p.a. simple interest, a 9. What will be the SI on Rs. 700 at 9% per
sum of Rs. 4000 will earn how much interest in annum for the period from February 5, 1994 to
2 years 3 months? April 18, 1994?
(a) 720 (b) 300 (a) Rs. 12.60 (b) Rs. 11.30
(c) 400 (d) 200 (c) Rs. 14 (d) Rs. 15.60

3. Find the simple interest on Rs 68000 at 10. What is the difference between the simple
16.66% per annum for a period of 9 months. interest on a principal of Rs. 500 being
(a) Rs. 8500 (b) Rs. 3200 calculated at 5% per annum for 3 years and 4%
(c) Rs. 2100 (d) Rs. 4300 annum for 4 years?
(a) Rs. 5 (b) Rs. 10
4. What will be the S.I. earned on an amount (c) Rs. 20 (d) Rs. 40
of Rs. 1000 in 73 days at the rate of 8 % p.a.?
(a) 200 (b) 160 11. How much time will it take for a sum of Rs.
(c) 260 (d) 250 450 to yield Rs. 81 as interest at 4.5% per
annum of simple interest?
5. The simple interest on Rs. 3200 from April (a) 3.5 yrs (b) 4 yrs
4, 2003 to June 16, 2003 at 5% rate will be: (c) 4.5 yrs (d) 5 yrs
(a) Rs. 30 (b) Rs. 25
(c) Rs. 32 (d) Rs. 29 12. Find the rate when principal is Rs. 360 for
1
6. Rs. 1200 is lent out at 5% per annum 2 2 years and SI is Rs. 135.
simple interest for 3 years. Find the amount (a) 10% (b) 15%
after 3 years. (c) 16% (d) 18%
(a) Rs. 1380 (b) Rs. 1290
(c) Rs. 1470 (d) Rs. 1200 13. Find the rate when principal is Rs. 9600 for
3 months and SI is Rs. 72.
7. What is the simple interest for 9 years on a (a) 1% (b) 2%
sum of Rs. 800 if the rate of interest for the first (c) 3% (d) 4%
4 years is 8% per annum and for the last 4 years
is 6% per annum? 14. Find time when principal is Rs. 500 and
(a) 400 rate of interest is 7.5% per annum and SI is Rs.
(b) 392 150.
(c) 352 (a) 2 year (b) 3 year
(d) Can’t be determined (c) 4 year (d) 5 year
8. Harsha makes a fixed deposit of Rs. 20,000 15. Mr. Sharma takes loan of Rs. 25,000
with the Bank of India for a period of 3 years. If and repays an amount of Rs. 31,000 at the end
the rate of interest be 13% SI per annum
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SIMPLE INTEREST 2023

of 2 years. What is the rate of simple interest at (c) 3% (d) 5%

which he repays the loan?
(a) 8 p.c.p.a. (b) 6 p.c.p.a. 24. What is the rate of simple interest for the
(c) 12 p.c.p.a. (d) 9 p.c.p.a. first 4 years if the sum of Rs 360 becomes Rs
(e) None of these 540 in 9 years and the rate of interest for the last
5 years is 6%?
16. Simple interest on a certain sum is 16/25 of (a) 4% (b) 5%
the sum. Find rate % and time, if both are equal. (c) 3% (d) 6%
(a) 11 yrs, 10% (b) 4 yrs, 4%
(c) 6 yrs, 6% (d) 8 yrs, 8% 25. What is the rate of simple interest for the
first 4 years if the sum of Rs 750 becomes Rs
17. A sum of money doubles itself in 10 years 1245 in 9 years and the rate of interest for the
at simple interest. What is the rate of interest? last 5 years is 10%?
(a) 8% (b) 10% (a) 4% (b) 5%
(c) 6% (d) 16% (c) 3% (d) 6%

18. At what rate percent of simple interest will 26. A certain sum of money amounts to Rs 704
a sum of money double itself in 12 years? in 2 years and Rs 800 in 5 yrs. Find the rate of
1 1 percentage per annum. (Approx.)
(a) 8 % (b) 8 % (a) 4% (b) 5%
4 3
(c) 6% (d) 7%
1
(c) 8 % (d) 9%
2 27. In what time Rs. 1860 amount to 2641.20 at
SI 12% per annum?
19. The rate of which a sum becomes four 1
times of itself in 15 years at S.I. will be: (a) 3 yrs (b) 3 yrs
(a) 15% (b) 17½ % 2
(c) 20% (d) 25% 1
(c) 4 yrs (d) 4 yrs
2
20. In how many years will a sum of money
double itself at 20% per annum? 28. In what time will Rs. 72 become Rs. 81 at
(a) 6 yrs (b) 5 yrs 1
(c) 4 yrs (d) 8 yrs 6 % per annum simple interest?
4
(a) 2 years (b) 3 years
21. In how many years will a sum of money 5 (c) 2.5 years (d) 1.5 years
times itself at 20% per annum?
(a) 26 yrs (b) 25 yrs 29. A lent Rs. 600 to B for 2 years, and Rs. 150
(c) 20 yrs (d) 18 yrs to C for 4 years and received altogether from
both Rs. 90 as interest. Find the rate of interest,
22. At what rate percent per annum will the simple interest being calculated.
2
simple interest on a sum of money be of the (a) 8% (b) 5%
5 (c) 6% (d) 4%
sum in 10 years?
(a) 4% (b) 5% 30. What is the present worth of Rs. 132 due in
(c) 6% (d) 7% 2 years at 5% simple interest per annum?
(a) 112 (b) 118.80
23. If the ratio of principal and simple interest (c) 120 (d) 122
of 5 years is 10:3, then the rate of interest is:
(a) 6% (b) 8%
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SIMPLE INTEREST 2023

31. A man took a loan from a bank at the rate 39. A sum was put at SI at a certain rate for 2
of 12% p.a. simple interest. After three years he yrs. Had it been put at 3% higher rate; it would
had to pay Rs 5400 interest only for the period. have fetched Rs. 300 more. Find the sum.
The principal amount borrowed by him was: (a) 3500 (b) 5000
(a) Rs. 12000 (b) Rs. 11000 (c) 2400 (d) 1800
(c) Rs. 14000 (d) Rs. 15000
40. At a certain rate of simple interest Rs. 800
32. Find the principal when SI is Rs. 20 and amounted to Rs. 920 in 3 years. If the rate of
rate of interest is 2% per annum for 20 months. interest be increased by 3%, what will be the
(a) Rs. 300 (b) Rs. 400 amount after 3 years?
(c) Rs. 500 (d) Rs. 600 (a) Rs. 1080 (b) Rs. 992
(c) Rs. 972 (d) Rs. 1024
33. What sum of money must be given at
simple interest for six months at 4% per annum 41. A man loses Rs. 200 yearly when the
in order to earn Rs. 150 interest? annual rate of interest falls by 2%. His capital in
(a) Rs. 5000 (b) Rs. 7500 Rs is:
(c) Rs. 1000 (d) Rs. 8000 (a) 12000 (b) 16000
(c) 14000 (d) 10000
34. A sum of money amounts to Rs. 850 in 3
years and to Rs. 925 in 4 years at some rate of 42. A sum of Rs. 600 amounts to Rs. 720 in 4
simple interest. The sum is: years at simple interest what will it amount to if
(a) Rs. 550 (b) Rs. 600 the rate of interest is increased by 2%?
(c) Rs. 625 (d) Rs. 700 (a) Rs. 648 (b) Rs. 768
(c) Rs. 726 (d) Rs. 792
35. A sum of money amounts to Rs. 9800 after
5 years and Rs. 12005 after 8 years at the same 43. The amount Rs. 2100 become Rs. 2352 in 2
rate of simple interest. The rate of interest per years at simple interest. If the interest rate is
annum is: decreased by 1%, what is the new interest?
(a) 5% (b) 8% (a) Rs. 210 (b) Rs. 220
(c) 12% (d) 15% (c) Rs. 242 (d) Rs. 252

36. If a sum of money at simple interest 44. A man had 50000, part of which he lent at
doubles in 6 years, it will become 4times in: 10% p.a. and rest at 15% p.a. S.I. If the total
(a) 12 yrs (b) 14 yrs annual interest be Rs. 6000 the money lent 10%
(c) 16 yrs (d) 18 yrs is:
(a) 20000 (b) 25000
37. A sum of money doubles itself in 7 yrs. In (c) 30000 (d) 24000
how many years will it become fourfold?
(a) 14 yrs (b) 21 yrs 45. A man had 25000, part of which he lent at
(c) 28 yrs (d) 10 yrs 12% p.a. and rest at 14% p.a. S.I. If the total
annual interest be Rs. 3260 the money lent 14%
38. A certain sum becomes 3-fold at 4% annual is?
rate of interest. At what rate it will become 6- (a) 14000 (b) 15000
fold? (c) 13000 (d) 12000
(a) 10% (b) 12%
(c) 8% (d) 9% 46. A sum of Rs. 1550 was lent partly at 5%
and 8% p.a. simple interest. The total interest
received after 3 years was Rs. 300. The ratio of
the money lent at 5% to that lent at 8% is.

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(a) 5:8 (b) 6:7 10%, 12% and 15% simple interest. At the
(c) 16:15 (d) 17:18 completion of each scheme, he gets the same
interest. The ratio of his investments is:
47. Rs. 4000 is divided into two parts such that (a) 2:3:4 (b) 3:4:2
if one part be invested at 3% and the other at (c) 3:4:6 (d) 6:3:2
5% the annual interest from both investment is
Rs. 144. Find each part. 51. A man invests Rs. 42000 in three different
(a) Rs. 1000, Rs. 3000 schemes for 4 years, 5 years and 6 years at 15%,
(b) Rs. 2800, Rs. 1200 10% and 5% simple interest. At the completion
(c) Rs. 2400, Rs. 1600 of each scheme, he gets the same interest. Find
(d) Rs. 2500, Rs. 1500 the invests first schemes is:
(a) 10000 (b) 12000
48. The difference between the interest (c) 20000 (d) 15000
received from two different banks on Rs. 500
for 2 yrs is Rs. 2.5. Find the difference between 52. Ramesh borrows Rs. 7000 from a bank at
their rates. SI. After 3 yrs he paid Rs. 3000 to the bank and
(a) 0.50% (b) 0.25% at the end of 5 yrs from the date of borrowing
(c) 0.20% (d) 2.5% he paid Rs. 5450 to the bank to settle the
account. Find the rate of interest.
49. The simple interest on a certain sum of (a) 6% (b) 5%
money at 4% per annum for 4 yrs is Rs. 80 (c) 10% (d) 8%
more than the interest on the same sum for 3 yrs
at 5% per annum. Find the sum in Rs.
(a) 1000 (b) 8000
(c) 1200 (d) 1600

50. A man invests money in three different

schemes for 6 years, 10 years and 12 years at
ANSWER KEY

1. d 2. a 3. a 4. b 5. c 6. a 7. d 8. c 9. a 10. a
11. b 12. b 13. c 14. c 15. c 16. d 17. b 18. b 19. c 20. b
21. c 22. a 23. a 24. b 25. a 26. b 27. b 28. a 29. b 30. c
31. d 32. d 33. b 34. c 35. c 36. d 37. b 38. a 39. b 40. b
41. d 42. b 43. a 44. c 45. c 46. c 47. b 48. b 49. b 50. d
51. a 52. b