63
Q:

# A sum was put at simple interest at a certain rate for 3 years. Had it been put at 2% higher rate, it would have fetched Rs 360 more. Find the sum.

 A) Rs.4000 B) Rs.9000 C) Rs.5000 D) Rs.6000

Explanation:

Let sum = P and original rate = R. Then

[(P * (R+2) * 3)/100] - [ (P * R * 3)/100] = 360

3P*(R+2) - 3PR = 36000

3PR + 6P - 3PR = 36000

6P = 36000

P = 6000

Q:

At 8% simple interest per annum a sum of money becomes Rs.608 in 3.5 years. What was the sum invested?

 A) Rs.440 B) Rs.475 C) Rs.450 D) Rs.460

Explanation:

0 96
Q:

The simple interest on a sum is 3/5 of the principal at the rate of 7.5% per annum. What is the time period (in years)?

 A) 7.5 B) 8 C) 10 D) 12.5

Explanation:

1 82
Q:

Sarathi deposited ₹ 3,125 in a bank which promised 8% simple interest per annum. If Sarathi kept the money with the bank for 5 years, he will earn an interest of:

 A) ₹ 1,280 B) ₹ 1,290 C) ₹ 1,250 D) ₹ 1,240

Explanation:

0 838
Q:

The simple interest on a certain sum for 3 years at 8% p.a.. is Rs.90 more than simple interest at 9% p.a. for 2 years on the same sum. The sum is (in rupees).

 A) Rs.1900 B) Rs.1850 C) Rs.2250 D) Rs.1500

Explanation:

1 160
Q:

A sum of money, invested at 7.5% simple interest p.a. became ₹ 689 on maturity after 4 years.What was the original sum invested?

 A) ₹ 560 B) ₹ 520 C) ₹ 530 D)  ₹ 540

Explanation:

0 812
Q:

What is the difference between the maturity values, if Rs.12,500 is invested for 2 years at 20% per annum simple interest and compound interest?

 A) Rs.750 B) Rs.650 C) Rs.550 D) Rs.500

Explanation:

0 115
Q:

At the rate of 12.5% per annum, the simple interest on a sum is 5/4 of the principal. What is the time period (in years)?

 A) 12.5 B) 8 C) 10 D) 15

Explanation:

0 176
Q:

What will be the maturity value, if Rs. 13,500 is deposited at a simple rate of interest of 12.5% for two years?

 A) Rs.15,187.50 B) Rs.16,875.00 C) Rs.16,875.50 D) Rs.16,785.00