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:

M borrowed some money for 1 year at certain simple interest. But the interest rate was increased to 2% which amounted to Rs.120. Find the principal amount.

A) Rs.4000 B) Rs.5000
C) Rs.6000 D) Rs.7000
 
Answer & Explanation Answer: C) Rs.6000

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0 444
Q:

Some part of Rs 17500 was lent at the rate of 24% per annum simple interest and the remaining part at the rate of 10% per annum simple interest. The total interest received after 5 years is Rs 13300. What is the ratio of money lent at the rate of 24% and 10%?

 

A) 12 : 13 B) 3 : 4
C) 3 : 2 D) 13 : 22
 
Answer & Explanation Answer: D) 13 : 22

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2 353
Q:

A man purchased a cycle for Rs.3000/- and agreed to pay 12% on the amount as interest. He repaid principal and interest in 12 equal monthly installments. Find the amount of each installment.

A) Rs. 260 B) Rs. 240
C) Rs. 280 D) Rs. 300
 
Answer & Explanation Answer: C) Rs. 280

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2 501
Q:

The simple interest on a sum is 5/9 of the principal for 25 years. What is the rate (in percentage) of interest per annum?

 

A) 25/9   B) 9/2  
C) 20/9   D) 15/4
 
Answer & Explanation Answer: C) 20/9  

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1 351
Q:

Find the total Simple Interest on Rs. 500 at 7% per annum, on Rs. 700 at 10% per annum and on Rs. 1000 at 4% per annum for 3 years.

A) 435 B) 500
C) 700 D) 1000
 
Answer & Explanation Answer: A) 435

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7 369
Q:

Find the approximate simple interest on Rs. 2000 from March 9, 2010 to May 21, 2010 at 8.25% per annum.

A) Rs. 43 B) Rs. 37
C) Rs. 33 D) Rs. 40
 
Answer & Explanation Answer: C) Rs. 33

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2 433
Q:

Saathi deposited Rs. 825 in a bank that promised 8% simple interest per annum. If Saathi kept the money with the bank for 5 years, she will earn an interest of

A) Rs. 480 B) Rs. 280
C) Rs. 330 D) Rs. 290
 
Answer & Explanation Answer: C) Rs. 330

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0 505
Q:

Ms. Sushmitha borrowed Rs. 900 at 6% per annum simple interest. What amount will she pay to clear her debt after 4 years?

A) 261 B) 1161
C) 1116 D) 216
 
Answer & Explanation Answer: C) 1116

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