`Q.1) An amount of Rs. 400 becomes Rs.

424 in 3 years at a certain rate of simple interest, If the rate of

interest increases by 8%, what amount will Rs. 400 becomes in 2 years?
a) Rs.455 b) Rs.430 c) Rs.480 d) Data inadequate e) None of these

Q.2) Heena took a loan at a rate of simple interest 7% in the year with an increase of 0.25% in each
subsequent year. She paid interest of Rs. 4425 after 4 years. How much loan did he take?
a) Rs.153500 b) Rs.15250 c) Rs.15200 d) Rs.15000 e) None of these

Q.3) A lends 30% of sum at 30% p.a. 50% of sum at 14% p.a. and the remaining sum at 12% p.a. rate of
interest. What would be the rate of interest, if the interest is calculated on the whole sum?
a) 18.1% p.a. b) 19.3% p.a. c) 12.4% p.a. d) 17.6% p.a. e) None of these

Q.4) Rajan invested some amount at the rate of 15% simple interest and a certain amount at the rate of
20% simple interest. He received yearly interest of [Link] if he had interchanged the amounts
invested, he would have received Rs.550 more as interest. How much did he invest at 20% simple
interest?
a) Rs.7106.5 b) Rs.7142.8 c) Rs.7116.5 d) Rs.7654.5 e) None of the Above

Q.5) Divide Rs. 8000 into two parts so that simple interest on first part for 3 year at 5% p.a. may be equal
to simple interest on the second part for 5 year at 9% p.a.
a) Rs.5000, Rs.3000 b) Rs.6500, Rs.1500
c) Rs.6000, Rs.2000 d) Rs.4500, Rs.3500
e) None of these

Q.6) A sum of money at simple interest amounts to Rs. 14160 in 3 year. If the rate of interest is
increased by 25%, the same sum amount to Rs. 14700 in the same time. The rate of interest is

a) 5% b) c) 6% d) 7% e) None of these
Q.7) A sum of Rs. 11000 is equally divided and invested at two different rates of interest. The difference
between the interests got after 3 year is Rs. 300. What is the difference between the rates of interest?
a) 1.81% b) 1.75% c) 1.69% d) 1.32% e) None of these
Q.8) Hasmit borrowed some money at the rate of 3% p.a. for the first 4 year, at the rate of 4% p.a. for
the next 3 year and at the rate of 9% p.a. for the period beyond 7 year. If he pays a total simple interest
of Rs. 21000 at the end of 9 year, how much money did he borrow?
a) Rs. 49500 b) Rs. 48500 c) Rs. 49900 d) Rs. 50000 e) None of these
Q.9) An equal amount of sum is invested in two schemes for 5 years each, both offering simple interest.
The interest amount obtained at 14% is Rs.1000 more than that obtained at 10%. What is the total sum
invested?
a) Rs.9000 b) Rs.9500 c) Rs.12200 d) Rs.14000 e) Rs.10000
Q.10) Ankit lent Rs.7000 to Ram for 3 years and Rs.4000 to Harish for 2 years on simple interest and at
same rate of interest. If Ankit received Rs.3000 as total interest from both, what is the rate of interest?
a) 10.81% b) 10.37% c) 10.99% d) 10.75% e) 10.34%
Q.11) Grisham lent sum of Rs.840 to Rajesh in the beginning of the year at a certain rate of interest.
After 6 months Rs.420 is lent to the same person but the rate of interest is twice the former. At the end
of the year Rs.80 is earned as total interest by graham then what is the original rate of interest.
a) 7.85% b) 5.45% c) 6.34% d) 7.46% e) 5.64%
Q.12) What annual instalment will discharge a debt of Rs.1053 due in 3 years at 8% simple interest?
a) 324 b) 325 c) 320 d) 330 e) 328
Q.13) Stokes gave a loan of Rs. 400 to Rashid and recovered it at the rate of Rs. Rs.100 each month for
six months, commencing from the end of 1st month. What is the effective rate of simple interest per
annum?
a) 115% b) 100% c) 95% d) 80% e) 50%
Q.14) Find the amount of equal instalment, annual payment of which will discharge a debt of Rs. 406
due in 2 years at 3% p.a. of Simple interest.
a) 240 b) 234 c) 334 d) 200 e) 340
Q.15) Find the amount of debt that will be discharged by equal installments of Rs. 150 each, if the debt
is due in 4 year at 2% p.a.
a) 618 b) 634 c) 674 d) 650 e) 640
Q.16) Vidal borrows Rs. 50,000 from a bank at 5% p.a. simple interest and clears the debt in five years. If
the installments paid at the end of the first, second, third and fourth years to clear the debt are Rs.
5,000, Rs. 10,000, Rs. 15,000 and Rs. 20,000 respectively, what amount should be paid at the end of the
fifth year to clear the debt?
a) Rs 8,000 b) Rs 7,500 c) Rs 7,000 d) Rs 5,900 e) Rs 6,000
Q.17) The simple interest on a sum of money will be Rs.900 after 8 years. If the principal is tripled for the
last 4 years, what will be the total interest at the end of the 8th year?
a) Rs.600 b) Rs.900 c) Rs.1200 d) Rs.1800 e) Data inadequate
Q.18) A certain sum of money at simple interest amounts to Rs.1100 in 3 years and to Rs.1460 in 6 years.
The rate percent per annum is:
a) 27% b) 16% c) 25% d) 11% e) 34%

Q.19) Two equal amounts of money are deposited in two banks, each at 9% per annum, for and
years. If the difference between their interests is Rs.288, each sum is:
a) Rs.1600 b) Rs.1500 c) Rs.1640 d) Rs.1720 e) Rs.1540
Q.20) Rajesh has a total of Rs.42,000. And in that, he lends Rs.8,000 at 9/2% per annum simple interest
and Rs.12,000 at 8% per annum simple interest. He lends the remaining money at a certain rate of
interest so that he gets total interest of Rs. 3600 at the end of one year. The rate of interest per annum,
at which the remaining money is lent, is?
a) 11.50% b) 10.36% c) 8.54% d) 9.65% e) 12.24%
Q.21) Lawrence invests Rs.12000 as fixed deposit in a bank at the rate of SI 8% per annum. But due to
some needs he has to withdraw the entire money after 4 years, for which the bank allowed him a lower
rate of interest. If he gets Rs. 2500 less than what he would have got at the end of 6 years, the rate of
interest allowed by the bank is
a) 7.5% b) 8.3% c) 8.5% d) 9.6% e) 6.8%

Q.22) An equal amount of sum is invested in two schemes for 8 year each, both offering simple interest.
When invested in scheme A at 12% p.a. the sum gives an amount of Rs. 4500. In scheme B, invested at
16% p.a. it gives an interest of Rs. 6000. What is the total sum invested?
a) Rs.9375 b) Rs.9500 c) Rs.10000 d) Rs.8400 e) Rs.7500

Q.23) Prakash lent Rs.9000 to Ram for 4 years and Rs.6000 to Harish for 2 years on simple interest and
at same rate of interest. If Prakash received Rs.2500 as total interest from both, What is the rate of
interest?
 a) 5.80% b) 5.30% c) 5.20% d) 5.75% e) 5.35%
Q.24) Mahesh lent sum of Rs.960 to Rajesh in the beginning of the year at certain rate of interest. After
4 months Rs.480 is lent to the same person but the rate of interest is twice the former. At the end of the
year Rs.120 is earned as total interest by Mahesh Then what is the original rate of interest.
a) 9.85% b) 8.45% c) 7.39% d) 9.37% e) 9.64%
Q.25) What annual installment will discharge a debt of Rs.1134 due in 3 years at 5% simple interest?
a) 390 b) 360 c) 380 d) 370 e) 340
Q.26) Mathews gave a loan of Rs. 1200 to Antony and recovered it at the rate of Rs. 180 each month for
eight months, commencing from the end of 1st month. What is the effective rate of simple interest per
annum?
a) 38% b) 42% c) 33% d) 45% e) 30%
Q.27) The rate of Simple Interest in PNB & UCO are in the ratio of 4:5. Krishnan wants to deposit his total
savings in two banks in such a way that he receives equal half-yearly interest from both banks. He
should deposit in both banks PNB & UCO in the ratio of
a) 4:5 b) 7:5 c) 5:8 d) 8:5 e) 5:4
Q.28) Deshmukh borrows a sum of Rs.4000 at the beginning of a year. After four months Rs.2000 more
is borrowed at a rate of interest double times the previous one. At the end of one year, the sum of
interest on both the loans is Rs.576. What is the first rate of interest per annum?
a) 4.8% b) 5.7% c) 6.5% d) 8.2% e) None of the Above

Q.29) A watch is sold for Rs.540 cash or for Rs.240 cash down payment together with Rs.324 to be paid
after one month. Find the rate of interest charged in the installment scheme.
a) 8% b) 8.5% c) 10% d) 9.5% e) 12%
Q.30) Find the amount of debt that will be discharged by 9 equal installments of Rs. 220 each, if the debt
is due in 6 years at 3 % p.a.
a) 1149 b) 1419 c) 1491 d) 1941 e) 1194
Q.31) Butler borrows Rs 60,000 from a bank at 6% p.a. simple interest and clears the debt in five years. If
the installments paid at the end of the first, second, third and fourth years to clear the debt are Rs
6,000, Rs 12,000, Rs 18,000 and Rs 24,000 respectively, what amount should be paid at the end of the
fifth year to clear the debt?
a) Rs 13200 b) Rs 11400 c) Rs 11000 d) Rs 11200 e) Rs 10800
Q.32) A certain sum of money at simple interest amounts to Rs.1350 in 5 years and to Rs.1490 in 7 years.
The amount after 3 years is:
a) Rs.1210 b) Rs.1350 c) Rs.1200 d) Rs.1170 e) Data inadequate
Q.33) A certain sum of money at simple interest amounts to Rs.1500 in 4 years and to Rs.1860 in 7 years.
The rate percent per annum is:
a) 8.27% b) 7.54% c) 11.76% d) 8.54% e) 8.49%
Q.34) Two equal amounts of money are deposited in two finance institutes, each at 7% per annum, for

and years. If the difference between their interests is Rs.84, each sum is:
a) Rs.1600 b) Rs.1500 c) Rs.1200 d) Rs.1720 e) Rs.1540

Q.35) Verma has a total of Rs. 24,000. And in that, he lends Rs. 6,000 at per annum simple interest
and Rs. 8,000 at 6% per annum simple interest. He lends the remaining money at a certain rate of
interest so that he gets total annual interest of Rs. 3200 at the end of a year. The rate of interest per
annum, at which the remaining money is lent, is?
a) 15.5% b) 25.1% c) 18.5% d) 29.6% e) 22.2%
Q.36) Murugan invests Rs. 4500 as fixed deposit at a bank at the rate of per annum SI. But due to

some needs he has to withdraw the entire money after years, for which the bank allowed him a
lower rate of interest. If he gets Rs 281.25 less than what he would have got at the end of 5 years, the
rate of interest allowed by the bank is
a) 7.5% b) 4.3% c) 3.5% d) 4.5% e) 6.8%
Q.37) If Rs. 486 becomes Rs. 544 in 6 yr at certain simple rate of interest. If the rate of interest increases
by 5%, what amount will Rs. 486 become in 3 yr.?
a) Rs.560 b) Rs.585 c) Rs.588 d) Data inadequate e) None of these
Q.38) Abhishek took a loan at simple interest rate of 6% in the year with an increase of 0.5% in each
subsequent year. He paid interest of Rs. 6125 after 5 year. How much loan did he take?
a) Rs.17500 b) Rs.17250 c) Rs.17200 d) Rs.18000 e) None of these
Q.39) A lends 25% of sum at 14% p.a. 30% of sum at 18% p.a. and the rest sum at 16% p.a. rate of
interest. What would be the rate of interest, if the interest is calculated on the whole sum?
a) 18.1% p.a. b) 17.3% p.a. c) 16.1% p.a. d) 19.6% p.a. e) None of these
Q.40) Sneha invested some amount at the rate of 15% simple interest and a certain amount at the rate
of 25% simple interest. She received yearly interest of [Link] if she had interchanged the amounts
invested, She would have received Rs.425 more as interest. How much did she invest at 25% simple
interest?
a) Rs.4500.50 b) Rs.4156.25 c) Rs.4943.75 d) Rs.5000 e) None of the Above

Q.41) Divide Rs. 8000 into two parts so that simple interest on first part for years at 3% p.a. may be

equal to simple interest on the second part for years at 1% p.a.

a) Rs.3200, Rs.4800 b) Rs.3300, Rs.4700
c) Rs.6000, Rs.2000 d) Rs.3000, Rs.5000
e) None of these
Q.42) An amount of Rs. 16600 is divided equally and each is invested at two different rates of interest.
The difference between the interests got after 4 year is Rs. 700. What is the difference between the
rates of interest?
a) 2.28% b) 2.37% c) 2.99% d) 2.75% e) 2.10%

Q.43) A sum of money becomes of itself in 4 years at a certain rate of interest. The rate percent per
annum is:
a) 25% b) 20% c) 10% d) 12% e) 15%

Q.44) What annual installment will discharge a debt of Rs.773.5 due in 4 years at 7% simple interest? a)
190 b) 260 c) 180 d) 270 e) 175
Q.45) A took a loan at simple interest rate of 5% in the year with an increase of 0.75% in each
subsequent year. He paid interest of Rs.3864 after 3 year. How much loan did he take?
a) Rs.27500 b) Rs.22250 c) Rs.27200 d) Rs.23400 e) Rs.22400
Q.46) A sum of money will double itself in 5 years at simple interest with yearly rate of:
a) 10% b) 20% c) 18% d) 16% e) 15%
Q.47) Ganesh borrowed Rs.7500 from Dinesh at simple interest. After 6 years Dinesh received Rs 2000
more than the amount to Ganesh on loan. Then what is the rate of interest?
a) 2.33% b) 4.44% c) 3.83% d) 4.56% e) 3.15%
Q.48) The sum of money that will give Rs.3 as interest per day at 6% per annum simple interest is:
a) 17890 b) 19835 c) 19830 d) 18250 e) 14550
Q.49) Guru deposits Rs.8000 in a financial institute at 12% interest per annum for a period of one year
and Rs.6500 in another financial institute at 9% per annum for a period of one year. The total interest
amount obtained is what percentage of the whole sum?
a) 13.23% b) 12.45% c) 13.43% d) 10.65% e) 13.15%
Q.50) The simple interest on a sum of money is equal to the principal and the number of years is equal
to the rate percent per annum. Find the rate percent
a) 15% b) 12% c) 10% d) 19% e) 20%

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