3
Q:

If the time increases by 7 years, then simple interest increases by Rs 8400 on a sum of Rs 6000. What is the rate (in percentage) of interest per annum?

A) 18 B) 12
C) 20 D) 24

Answer:   C) 20



Explanation:
Q:

Manish lent out Rs 20000 in two parts. He put out first part at 6% and the second part at 8% interest. The yearly average interest comes out to be 6.4%.What are the amounts (in Rs) that were lent at 6% and 8% respectively?

 

A) 16000, 4000 B) 12000, 8000
C) 15000, 5000 D) 18000, 2000
 
Answer & Explanation Answer: A) 16000, 4000

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1 75
Q:

The simple interest at y% for 'y' years will be Rs. y on a sum. Find the principal amount.


 

A) 100/y B) 100 x y
C) 100y2 D) 100 ÷ y2
 
Answer & Explanation Answer: A) 100/y

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1 60
Q:

A sum becomes Rs 8800 in 4 years at simple interest at the yearly interest rate of 25% per annum. What is the sum (in Rs)?

 

A) 4400 B) 6600
C) 7040 D) 6400
 
Answer & Explanation Answer: A) 4400

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0 116
Q:

The interest earned on Rs. 2250 at the rate of 3% simple interest per annum for 2 years will be

A) Rs. 67.50 B) Rs. 135
C) Rs. 202.50 D) Rs. 225
 
Answer & Explanation Answer: B) Rs. 135

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2 77
Q:

At 6% simple interest per annum a sum of money became Rs. 834 in 6.5 years. The sum initially invested was

A) Rs. 600 B) Rs. 626
C) Rs. 675 D) Rs. 650
 
Answer & Explanation Answer: A) Rs. 600

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1 129
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

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4 87
Q:

Find the simple interest on Rs. 50 for 6 months at the rate of 10 paise per rupee per month.

A) Rs.35 B) Rs.40
C) Rs.25 D) Rs.30
 
Answer & Explanation Answer: D) Rs.30

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1 125
Q:

A sum of money invested for 2 yrs and 9 months at the rate of 8% simple interest per annum became Rs.732 at the end of the period. What was the sum that was initially invested?

A) Rs. 575 B) Rs. 500
C) Rs. 600 D) Rs. 550
 
Answer & Explanation Answer: C) Rs. 600

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3 142