Searching for "lends"

Q:

A money lender lends Rs. 400 for 3 years to a person and lends Rs. 500 for 4 years to the other person at the same rate of simple interest. If altogether he receives Rs. 160 as interest, what is the rate of interest per annum ?

A) 5% B) 7%
C) 9% D) 10%
 
Answer & Explanation Answer: A) 5%

Explanation:
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Filed Under: Simple Interest
Exam Prep: Bank Exams

Q:

Which area best lends itself to the formation of fossils?

which_area_best_lends_itself_to_the_formation_of_fossils1538734185.jpg image

A) near active volcano B) lake beds
C) Both A & B D) None of the above
 
Answer & Explanation Answer: C) Both A & B

Explanation:

Area near active volcano or lake beds are best areas that lends itself to the formation of fossils.

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Filed Under: General Science
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

Q:

Shamma lends Rs.40,000 to two of her friends. She gives Rs.24,000 to the first at 8% p.a. simple interest. Shamma wants to make a profit of 10% on the whole. The simple interest rate at which she should lend the remaining sum of money to the second friend is:

A) 13% B) 8.5%
C) 9.5% D) 11.25%
 
Answer & Explanation Answer: A) 13%

Explanation:

The ratio of money she lended is

24000 : 16000 = 3 : 2

Let the rate of interest be R%

 

8%                   R%
     

           10

 

3          :           2

 

R = 13%.

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Filed Under: Profit and Loss
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO , Database Administration

Q:

A person lends Rs. 1540 for five years and Rs. 1800 for four years. If he gets Rs. 1788 as interest on both amounts, what is the rate of interest ?

A) 14.5% B) 11%
C) 12% D) 10.5%
 
Answer & Explanation Answer: C) 12%

Explanation:

Let the interest rate be r%

We know that,

S.I = PTR/100

=> (1540 x 5 x r)/100  +  (1800 x 4 x r)/100 = 1788

=> r = 178800/14900 = 12%

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Filed Under: Simple Interest
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Q:

Manju borrows Rs.5000 for 2 years at 4% p.a. simple interest from Sudha. She immediately lends it to another person at 6 1⁄4% p.a for 2 years. Find her gain in the transaction per year.

A) Rs. 101 B) Rs. 98.5
C) Rs. 124.3 D) Rs. 112.5
 
Answer & Explanation Answer: D) Rs. 112.5

Explanation:

Manju borrows Rs. 5000 for 2 years at 4% p.a. simple interest 

She also lends it at 6 1⁄4% p.a for 2 years 

=> Total Gain = 6 1/4% − 4% = 2 1/4%

So her gain in the transaction for 1 year

= The simple interest she gets for Rs.5000 for 1 year at 2 1⁄4% per annum

PTR100=5000×94×1100 = Rs. 112.5/ year.

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Filed Under: Simple Interest
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Q:

A person lends Rs. 300 to A at 4% and Rs.540 to B at 6% for the same time. if the total amount that he gets at the end is Rs. 1032. What is the time?

Answer

Money lent to A+B = (300 + 540) = Rs. 840 


Amount received = Rs. 1032 


Interest received = Rs. 1032 - Rs.840 = Rs. 192


 


Interest on Rs. 300 lent to A for 1 year = 300×1×4100 = Rs. 12 


 


Interest on Rs.540 lent to B for 1 year = 540×6×1100 = Rs. 36 


 


 


Total yearly interest = Rs.(12+36) = Rs.48 


If interest is Rs. 48, time = 1 year 


If interest is Rs. 192, time =  192/48 = 4 years 

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Subject: Simple Interest Exam Prep: GATE , CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk

Q:

A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 614 p.a for 2 years. Find his gain in the transaction per year

A) Rs. 112.50 B) Rs.150.25
C) Rs.167.50 D) Rs.170
 
Answer & Explanation Answer: A) Rs. 112.50

Explanation:

 gain in 2 years =Rs.5000*254*2100-5000*4*2100  

= Rs. (625 - 400) 

= Rs. 225 

 gain in 1 year =Rs.2252=112.50

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Filed Under: Simple Interest
Exam Prep: Bank Exams
Job Role: Bank PO