460
Q:

At what rate percent per annum will a sum of money double in 8 years.

A) 12.5% B) 13.5%
C) 11.5% D) 14.5%

Answer:   A) 12.5%



Explanation:

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

 

We know that S.I. = PTR/100

 

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

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
 
Answer & Explanation Answer: B) Rs.475

Explanation:
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0 97
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
 
Answer & Explanation Answer: B) 8

Explanation:
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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
 
Answer & Explanation Answer: C) ₹ 1,250

Explanation:
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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
 
Answer & Explanation Answer: D) Rs.1500

Explanation:
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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
 
Answer & Explanation Answer: C) ₹ 530

Explanation:
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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
 
Answer & Explanation Answer: D) Rs.500

Explanation:
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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
 
Answer & Explanation Answer: C) 10

Explanation:
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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
 
Answer & Explanation Answer: B) Rs.16,875.00

Explanation:
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2 148