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:

The simple interest on a sum of money is 16/25 of the principal. The number of years is equal to the rate of interest per annum. What is the rate (in percentage) of interest per annum?

A) 4 B) 16
C) 8 D) 12
 
Answer & Explanation Answer: C) 8

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Q:

What sum will produce the same interest in 9 years at the rate 8% simple interest as Rs. 800 producein 3 years at 9/2% per annum?

A) Rs. 100 B) Rs. 125
C) Rs. 150 D) Rs. 110
 
Answer & Explanation Answer: C) Rs. 150

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Q:

A sum of money (P) doubles in 10 years. How much would it be in 20 years at the same rate of simple interest?

A) P B) 2P
C) 3P D) 4P
 
Answer & Explanation Answer: C) 3P

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Q:

The interest on Rs. 1250 for 6 years at the rate of 4% simple interest per annum will be

A) Rs. 360 B) Rs. 350
C) Rs. 375 D) Rs. 300
 
Answer & Explanation Answer: D) Rs. 300

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Q:

At 5% simple interest per annum a certain sum yields a total amount of Rs. 2,790 at the end of 3 1/4 years. The sum invested was

A) Rs. 2350 B) Rs. 2400
C) Rs. 2600 D) Rs. 2550
 
Answer & Explanation Answer: B) Rs. 2400

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Q:

A sum of money invested at simple interest becomes 13/10 of itself in 2 years and 6 months. What is the rate (in percentage) of interest per annum?

 

A) 10 B) 15
C) 12 D) 18
 
Answer & Explanation Answer: C) 12

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Q:

The simple interest on a certain sum of money invested at a certain rate for 2 years amounts to Rs. 1200. The compound interest on the same sum of money invested at the same rate of interest for 2 years amounts to Rs. 1290. What was the principal?

A) Rs. 12000 B) Rs. 16000
C) Rs. 6000 D) Rs. 4000
 
Answer & Explanation Answer: D) Rs. 4000

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Q:

At 8% simple interest per annum a sum of money becomes Rs. 300 in 2.5 years. What was the sum invested?

A) Rs. 275 B) Rs. 250
C) Rs. 240 D) Rs. 260
 
Answer & Explanation Answer: B) Rs. 250

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