SIMPLE INTEREST
SIMPLE INTEREST
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TYPE–I (1) 2000 (2) 10,000
1. The simple interest on 1200 for 4 years at 71/ (3) 20,000 (4) 15,000
% per annum is 6. The simple interest on a certain sum at 5% per
2
1200 71/2% 4 annum for 3 years and 4 years differ by 42.
The sum is :
(a) 300
(c) 340
(b) 360
(d) 400
4
5%
42
3
By Kd. Prasad
2. Sudha lends Rs. 1800 at 8% per annum for 21/
(1) 210 (2) 280
2
years on simple interst, then the amount
recieved by him at end of time is (3) 750 (4) 840
7. A sum was invested on simple interest at a
1800 8% 21/2
certain rate for 2 years. Had it been put at 3%
higher rate, it would have fatched 72 more.
The sum is :
(a) 360 (b) 2160 2
(c) 2100 (d) None 3%
3. A sum of 800 amounts to 920 in 3 years at Math Foundation (Arithmetic) 72
the simple interest rate. If the rate is increased
by 3% p.a., what will be the sum amount to in
the same period ? (1) 1,200 (2) 1,500
3 800 (3) 1,600 (4) 1,800
920 3% 8. The rate of simple interest per annum of bank
being decreased from 5% to 3.5%, the annual
income of a person from interest was less by
(1) 992 (2) 962
105. The sum deposited at the bank was
(3) 942 (4) 982
5%
4. 4% for first 2 years, 6% for after 4 years and
3.5%
8% on after 6 years annual interest is given to a
105
amount. If Rs. 1120 is recieved on simple inter-
est, then find the Amount.
(1) 7,000 (2) 6,000
4% 4 6%
(3) 7,200 (4) 6,800
6 8% 9 1120
9. John invested a sum of money at an annaul simple
interest rate of 10%. At the end of four years the
(a) 2000 (b) 2500 amount invested plus interest earned was 770.
(c) 3000 (d) 4500 The amount invested was :
5. A man took a loan from a bank at the rate of 12%
per annum at simple interest. After 3 year he had
to pay 5400 as interest only for that period. The
10%
principla amount borrowed by him was : 770
12% (1) 650 (2) 350
3 5400 (3) 550 (4) 500
10. A lends 2500 to B and a certain sum to C at
the same time at 7% annual simple interest. If
ANSWERS
1.(b) 2. (b) 3. (a) 4. (a) 5. (d) 6. (d) 7. (a) 8. (a) 9. (c) 10. (d)
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SIMPLE INTEREST
after 4 years A received interest of 1120 from 500 2
B and C, the sum lent to C is 2.50
A B 2500 C 7%
4 (1) 0.10% (2) 0.25%
A B C 1120 (3) 0.50% (4) 1.00%
C 15. If the ratio of principal and the simple interest
(1) 700 (2) 6500
of 5 years is 10 : 3, then the rate of interest is :
(3) 40000 (4) 1500
5 10 : 3
TYPE–II
(1) 6% (2) 8%
11. Manoj deposited 29400 for 6 years at simple
interest. He got 4200 as interest after 6 years.
16.
(3) 3% (4) 5%
At what rate percent per annum will the simple
By Kd. Prasad
interest on a sum of money be 2/5 of the
The annual rate of interest was :
principal amount in 10 years ?
29,400, 6
10
6 4200
2/5
(1) 4% (2) 6%
8 7 2 2
(1) 2 % (2) 2
%
21 20 (3) 5 % (4) 6 %
3 3
8 8 17. If a sum of money at simple interest, doubles in
(3) 3 % (4) 4 %
20 21 12 years, the rate of interest per annum is
Math Foundation (Arithmetic)
12. A and B borrowed 2,000 and 3,000 12 2
1
respectively at the same rate of interest for 2
2 (1) 10% (2) 7.5%
years. If B paid 125 more interest than A, find
1 2
the rate of interest. (3) 8 % (4) 16 %
3 3
A B 2,000 3,000 18. Simple interest on a certain sum at a certain
1 16
2 B A annual rate of interest is of the sum. If the
2 25
125 number representing rate percent and time in
year be equal, then the rate of interest is :
(1) 7% (2) 8%
(3) 6% (4) 5% 16
13. A person deposited 500 for 4 years and 600 25
for 3 years at the same rate of simple interest in a
bank. Altogether he received 190 as in interest. 1
(1) 8% (2) 11 %
The rate of simple interest per annum was :
1
2
1
4
(3) 12 % (4) 12 %
500 3 600 2 4
19. What sum of money will amount to 520 in
190
5 years and to 568 in 7 years at simple
(1) 4% (2) 5% interest ?
5 520
(3) 2% (4) 3%
7 568
14. The difference between the simple interest
received from two different banks on 500 for (1) 400 (2) 120
2 years is 2.50. The difference between their (3) 510 (4) 220
20. A sum of money at some rate of simple interest
(per annum) rate of interest is :
ANSWERS
11.(a) 12. (d) 13. (b) 14. (b) 15. (b) 16. (a) 17. (c) 18. (a) 19. (a) 20. (d)
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SIMPLE INTEREST
amounts to 2900 is 8 years and to 3,000 in (3) 12 years (4) 14 years
10 years. The rate of interest per annum is 26. A certain scheme of investment in simple interest
8 declares that it trebles the investment in 8 [Link]
124.
2900 10 3000 you want to quadruple the money though that
p
scheme for how many years you have to invest for :
(1) 4% (2) 5%
(3) 3% (4) 2%
8
TYPE–III
(1) 11 yrs 6 months (2) 10 yrs 8 months
21. In how many years will a sum of 3000 yield a (3) 10 years (4) 12 years
simple interest of 1080 at 12% per annum ?
3,000 12%
TYPE–IV
By Kd. Prasad
27. 12000 is divided into two parts such that the
1080
simple interest on the first part for 3 years at
(1) 3 years (2) 2 years 12% per annum may be equal to the simple
1 1
(3) 2 years (4) 3 years 1
2 2 interest on the second part for 4 years at 16%
1 2
22. In what time will 72 become 81 at 6 % per annum. The ratio of the first part to the
4 second part is :
per annum simple interest ?
12,000
1 12%
72, 6 %
81
4
Math Foundation (Arithmetic) 3 16%
1
(1) 2 years (2) 3 years 4
2
(3) 2 years 6 months (4) None of these
23. In what time will the simple interest be 2/5 of (1) 2 : 1 (2) 1 : 2
the prinicipal at 8 percent per annum ?
(3) 2 : 3 (4) 3 : 2
8% 28. If 12,000 is divided into two parts such that
2/5 the simple interest on the first part for 3 years at
(1) 8 years (2) 7 years 12% per annum is equal to the simple interest
(3) 5 years (4) 6 years 1
24. A sum of money at simple interest trebles itself on the second part for 4 years at 16% per
2
in 15 years. It will become 5 times of itself in : annum, the greater part is :
15 3 12,000
5 3 12%
1
(1) 40 years (2) 36 years 4
2
16%
(3) 30 years (4) 25 years
25. A certain sum of money becomes three times
of itself in 20 years at simple interest. In how
many years does it become double of itself at
the same rate of simple interest ?
(1)
(3)
8,000
7,000
(2)
(4)
6,000
7,500
20 29. A person invests money in three different
3 schemes for 6 years, 10 years and 12 years at
2 10 percent, 12 percent respectively. At the
(1) 8 years (2) 10 years completion of each scheme, he gets the same
ANSWERS
21.(a) 22. (a) 23. (c) 24. (c) 25. (b) 26. (d) 27. (a) 28. (a) 29. (a)
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SIMPLE INTEREST
interest. The ratio of his investment is TYPE–VI
6 10 12
33. A man had 16,000, A part of which he lent at
10%, 12% 15%
4% and the rest at 5% per annum simple interest.
If the total interest received was 700 in one
year, the money lent at 4% per annum was
16,000 4%
(1) 6 : 3 : 2 (2) 2 : 3 :4
5%
(3) 3 : 4 : 6 (4) 3 : 4 : 2
700
30. A sum of 7,930 is divided into 3 parts and
4%
given at loan at 5% simple interest to A, B and C
for 2, 3 and 4 years respectively. If the amounts (1) 12,000 (2) 8,000
of all three are equal after their respective periods (3) 10,000 (4) 6,000
By Kd. Prasad
of loan, then the A received a loan of 34. A man lent 60,000, partly at 5% and the rest
7,930 3 at 4% simple interest. If the total annual interest
A, B C 2, 3 4 5% is 2560, the money lent at 4% was :
60,000
A 5% 4%
2560 4%
(1) 2,800 (2) 3,050
(3) 2,750 (4) 2,760 (1) 40000 (2) 44000
(3) 30000 (4) 45000
Math Foundation (Arithmetic)
TYPE–V
31. Mohan lent some amount of money at 9%
simple interest and an equal amount of money
at 10% simple interest each for two years. If his
total interest was 760, what amount was lent
in each case ?
9%
10%
2 760
(1) 1700 (2) 1800
(3) 1900 (4) 2000
32. A man invests half of his capital at the rate of
10% per annum, one-third at 9% and the rest
at 12% per annum. The avarage rate of interest
per annum, Which he gets is :
1
10%
2
1
3
9% 12%
(1) 9% (2) 10%
(3) 10.5% (4) 12%
ANSWERS
30.(d) 31. (d) 32. (b) 33. (c) 34. (b)
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