3
Q:

Question :

What is the sum which earned interest ?

Statements :

a. The total simple interest was Rs. 9000 after 9 years.
b. The total of sum and simple interest was double of the sum after 6 years.

A) Only a is sufficient B) Neither a nor b is sufficient
C) Only b is sufficient D) Both a and b sufficient

Answer:   D) Both a and b sufficient



Explanation:

Let the sum be Rs. x

a. gives, S.I = Rs. 9000 and time = 9 years.

b. gives, Sum + S.I for 6 years = 2 x Sum

--> Sum = S.I for 6 years.


Now, S.I for 9 years = Rs. 9000

S.I for 1 year = Rs. 9000/9 = Rs. 1000.

S.I for 6 years = Rs. (1000 x 6)= Rs. 6000.

--> x = Rs. 6000

Thus, both a and b are necessary to answer the question.

Subject: Simple Interest
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Q:

A sum fetched a total simple interest of Rs. 7056 at the rate of 8 percent per year in 7 years. What is the sum?

A) Rs 12600 B) Rs 15120
C) Rs 10080 D) Rs 7560
 
Answer & Explanation Answer: A) Rs 12600

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2 1032
Q:

A sum fetched a total simple interest of Rs 5320 at the rate of 7% per year in 5 years. What is the sum?

A) Rs 18240 B) Rs 12160
C) Rs 15200 D) Rs 9120
 
Answer & Explanation Answer: C) Rs 15200

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2 695
Q:

There is 40% increase in an amount in 10 years at simple interest. What will be the compound interest of Rs 25000 after 2 years at the same rate?

A) Rs 4080 B) Rs 5100
C) Rs 3060 D) Rs 2040
 
Answer & Explanation Answer: D) Rs 2040

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0 797
Q:

A sum fetched a total simple interest of Rs. 7728 at the rate of 7% per year in 8 years. What is the sum?

A) Rs 13800 B) Rs 16560
C) Rs 11040 D) Rs 8280
 
Answer & Explanation Answer: A) Rs 13800

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5 798
Q:

If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 22472, and Rs 23820.32 respectively, what is the rate of interest?

A) 3 percent B) 6 percent
C) 12 percent D) 10 percent
 
Answer & Explanation Answer: B) 6 percent

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3 639
Q:

There is 40% increase in an amount in 8 years at simple interest. What will be the compound interest of Rs. 10000 after 3 years at the same rate?

A) Rs 1576.25 B) Rs 6305
C) Rs 7881.25 D) Rs 4728.75
 
Answer & Explanation Answer: A) Rs 1576.25

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4 836
Q:

A sum of Rs 7500 is divided into two parts. The simple interest on first part at the rate of 12% per annum is equal to the simple interest on second part at the rate of 18%. What is the interest (in Rs) on each part for one year?

A) 600 B) 360
C) 480 D) 540
 
Answer & Explanation Answer: D) 540

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1 1412
Q:

Deepanshu lent Rs. 8400 to Jaipal for 15 years and Rs. 5100 to Kareem for 14 years on simple interest at the same rate of interest and received Rs. 17766 in all from both of them as interest. The rate of interest per annum is

A) 9.5 percent B) 10 percent
C) 10.5 percent D) 9 percent
 
Answer & Explanation Answer: D) 9 percent

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2 953