3
Q:

At what percent of simple interest will a sum 0f money double itself in 15 years?

A) 6 1/3% B) 6 2/3%
C) 6 1/2% D) 6%

Answer:   B) 6 2/3%



Explanation:
Q:

The simple interest on a certain sum for 3 years at 12% p.a. is ₹6,750. What is the compound interest(in ₹) on the same sum for 2years at 20% p.a., if interest is compounded half-yearly? (rounded off to the nearest ₹

 

A) 8,000 B) 8,702
C) 6,750 D) 7,729
 
Answer & Explanation Answer: B) 8,702

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0 172
Q:

Suresh lent out a sum of money to Rakesh for 5 years at simple interest. At the end of 5 years, Rakesh paid 9/8 of the sum to Suresh to clear out the amount. Find the rate of simple interest per annum.

 

A) 3.5% p.a. B) 2.5% p.a.
C) 3% p.a. D) 2% p.a.
 
Answer & Explanation Answer: B) 2.5% p.a.

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0 28
Q:

£1475 was invested for 5 years @ 4 % simple interest per annum. The interest accrued would be £ ............

 

 

A) 295 B) 442.5
C) 590 D) 147.5
 
Answer & Explanation Answer: A) 295

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3 97
Q:

The difference between the compound interest and simple interest on ₹ x at 8.5% per annum for 2 years is ₹ 28.90. The value of x is:

 

A) 3800 B) 3500
C) 4000 D) 4500
 
Answer & Explanation Answer: C) 4000

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1 1262
Q:

The difference between the compound interest and simple interest on ₹x at 12% per annum for 2 years is ₹18. What is the value of x?

 

A) 1,250 B) 1,280
C) 1,340 D) 1,300
 
Answer & Explanation Answer: A) 1,250

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2 1042
Q:

₹4,300 becomes ₹4,644 in 2 years at simple interest. Find the principle amount that will become ₹10,104 in 5 years at the same rate of interest.

 

A) ₹7,200 B) ₹8,420
C) ₹9,260 D) ₹5,710
 
Answer & Explanation Answer: B) ₹8,420

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3 757
Q:

The simple interest on a certain sum at the end of three years at 5%p.a. is ₹1,200. The compound interest on the same sum for the same period at the same rate is (interest compounded yearly):

 

A) ₹1,800 B) ₹1,261
C) ₹820 D) ₹1,260
 
Answer & Explanation Answer: B) ₹1,261

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4 2623
Q:

The difference between the compound interest and simple interest on ₹ x at 11% per annum for 2 years is ₹ 60.50. What is the value of x?

 

A) 4800 B) 4000
C) 5000 D) 4500
 
Answer & Explanation Answer: C) 5000

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0 2612