#### Simple Interest Question & Answers

# The simple interest on a sum of money is 1/9 of the principal and the number of years is equal to the rate percent per annum. The rate percent per annum is?

Let the sum be Rs.x, then S.I = Rs.

Let the rate be R% per annum and the time be R years then

%

Subject: Simple Interest - Quantitative Aptitude - Arithmetic Ability

Tags: The simple interest on a sum of money is 1/9 of the principal and the number of years is equal to the rate percent per annum. The rate percent per annum is

- Related Questions

At What rate percent per annum will a sum of money double itself is 12 years?

Let the principal be Rs. P and the rate be R% per annum

Since it doubles in 12 years.

So, simple interest is Rs. P

12R = 100

%

Hence, rate = % per annum

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Subject: Simple Interest - Quantitative Aptitude - Arithmetic AbilityA 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?

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 = = Rs. 12

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

Total yearly interest = Rs.(12+36)

= Rs.48

If interest is Rs. 48, time = 1 year

if interest is Rs. 192, time =

= 4 years

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Subject: Simple Interest - Quantitative Aptitude - Arithmetic AbilityMohan borrowed a sum of Rs. 12000 at 15% per annum from a money -lender on 13th January 1987 and returned the amount on 8th June 1987 to clear his debt. what was the amount by Mohan to the money-lender to clear his debt?

Here P= Rs. 12,000 , R= 15%

T = Money kept for the No of days divided by 365

Jan (31-13) = 18 days

Feb = 28 days

March = 31 days

April = 30 days

May = 31 days

June = 8 days

Total = 146 days

T = years

S.I =

= years

= Rs. 720

A = 12000 + 720 = Rs. 12720

Mohan paid Rs. 12,720 to the money-lender to clear his debt.

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Subject: Simple Interest - Quantitative Aptitude - Arithmetic AbilityWhat annual installment will discharge a debt of Rs. 1092 due in 3 years at 12% S.I?

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Subject: Simple Interest - Quantitative Aptitude - Arithmetic Ability

What is the SI on Rs.7500/- at the rate of 10% per annum for 5 years?

A) 3750 | B) 2750 |

C) 1750 | D) 750 |

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Subject: Simple Interest - Quantitative Aptitude - Arithmetic AbilityExam Prep: Bank Exams

Job Role: Bank PO