# Simple Interest Questions

A) Rs.325 | B) Rs.545 |

C) Rs.560 | D) Rs.550 |

Explanation:

Let each instalment be Rs.x .

1st year = [x + (x * 12 * 2)/100]

2nd year = [ x + (x *12 * 1)/100]

3rd year = x

Then, [x + (x * 12 * 2)/100] + [ x + (x *12 * 1)/100] + x =1092

3x + ( 24x/100 ) + ( 12x/100 ) = 1092

336x =109200

x = 325

Each instalment = Rs. 325

A) 1.5 | B) 2.5 |

C) 3.5 | D) 4.5 |

A) 12.5% | B) 13.5% |

C) 11.5% | D) 14.5% |

Explanation:

Let principal = P, Then, S.I.=P and Time=8 years

Rate = [(100 x P)/ (P x 8)]% = 12.5% per annum.

A) 800, 14% | B) 800, 13% |

C) 800, 12% | D) 800, 19% |

Explanation:

S.I. for 1 ½ years = Rs (1164 - 1008) = Rs 156 .

S.I. for 2 years = Rs (156 x x 2)= Rs 208.

Principal = Rs (1008 - 208) = Rs 800.

Now, P = 800, T= 2 and S.I. = 208.

Rate = (100 x S.I.) / (P x T) = [ (100 x 208)/(800 x 2)]% = 13%

A) Rs.1200 | B) Rs.1300 |

C) Rs.1400 | D) Rs.1500 |

Explanation:

At 5% more rate, the increase in S.I for 10 years = Rs.600 (given)

So, at 5% more rate, the increase in SI for 1 year = 600/10 = Rs.60/-

i.e. Rs.60 is 5% of the invested sum

So, 1% of the invested sum = 60/5

Therefore, the invested sum = 60 × 100/5 = Rs.1200