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A person invested a sum of Rs.750 in a bank at simple interest. After 5 years he received Rs.1200. Find the rate of interest offered by the bank.

• Option 1)

10% p.a

• Option 2)

11% p a

• Option 3)

14% p a

• Option 4)

12% p.a

• Option 5)

20% p.a

A person invested a certain sum for five years at the rate of r% per annum simple interest. If he had invested the same sum at the same rate compounded half yearly for one year, he would have received the same amount. Find the value of r.

• Option 1)

1000%

• Option 2)

1600%

• Option 3)

900%

• Option 4)

500%

• Option 5)

800%

if amount of is same , then interest is also same

Raju took a loan at 8% per annum simple interest for a period of 5 years. At the end of five years he paid Rs.10640 to clear his loan. How much loan did he take?

• Option 1)

Rs.7800

• Option 2)

Rs.8000

• Option 3)

Rs.7700

• Option 4)

Rs.7600

• Option 5)

Rs.8500

Because S.I is always equal in every year , so in 5 years with 8 % rate S.I 40 % of P Amount is 40 % of P Amount is 140 %  of P so , p is

Abhay borrowed some money from Ajay at 15% per annum simple interest. He then added some more amount and lent to Vijay at 20% per annum simple interest. At the end of the year, the difference between the interest received and paid by Abhay is Rs.325. If Abhay lent Rs.3500 to Vijay, then how much loan did Abhay take from Ajay?

• Option 1)

Rs.1000

• Option 2)

Rs.2510

• Option 3)

Rs.2200

• Option 4)

Rs.2500

• Option 5)

Rs.1800

Interest on vijay Let X is the  principal on abhay Difference of interest

What annual instalment will discharge a debt of Rs.1815 due in 3 years at 10% simple interest?

• Option 1)

Rs.500

• Option 2)

Rs.530

• Option 3)

Rs.550

• Option 4)

Rs.580

• Option 5)

Rs.520

let x = installments

Raju took a loan at 8% per annum simple interest for a period of 5 years. At the end of five years he paid Rs.10640 to clear his loan. How much loan did he take?

• Option 1)

Rs 8500

• Option 2)

Rs 8000

• Option 3)

Rs 7700

• Option 4)

Rs 7600

• Option 5)

Rs 7500

Rate of interest fo 1 year = 8 percent Rate of interest for 5 years = 8 x 5 => 40% As per the given data, Loan Amount x 140/100 = 10640 Loan Amount = 7600

Ashok has to deposit a total of Rs.18000 in two savings schemes of a bank, of which the first one yields a simple interest of 6% p.a. and the second one yields 8% p.a. simple interest. How much should Ashok deposit in the first scheme so that the total amount deposited earns interest at a rate of 7.6% p.a.?

• Option 1)

Rs.4400

• Option 2)

Rs.3600

• Option 3)

Rs.7200

• Option 4)

Rs.3500

• Option 5)

Rs.5600

First calculate interest = If we lent the whole amount sum at 8 % rate the interest Difference in original interest and this assumed interest It is because the difference in rate of interest So the sum lent in the scheme which gives 6% interest is

A sum of money invested at simple interest amounts to Rs 2480 at the end of four years and Rs.4080 at the end of eight years. Find the principal.

• Option 1)

Rs.2040

• Option 2)

Rs.1600

• Option 3)

Rs.1240

• Option 4)

Rs.880

• Option 5)

Rs. 1480

Amount after 4 years = Rs 2480 Amount after 8 years = Rs 4080 Difference = 1600 Because interest is S.I , so it is equal for every year P = A – I 2480 – 1600 = 880

What would a sum of Rs.8800 amount to in 16 years at a simple interest rate of 12% every year?

• Option 1)

Rs.20000

• Option 2)

Rs.18846

• Option 3)

Rs.25696

• Option 4)

Rs.32322

• Option 5)

Rs.14440

Amount = 12 x 16 % of P + 100 % (which is p ) 192 % of p + 100 % 292 % = 25696

Find the present value (in Rs.) of Rs.3000 due after 5 years at 10% p.a. simple interest.

• Option 1)

1600

• Option 2)

1800

• Option 3)

2000

• Option 4)

2500

• Option 5)

1500

A = 3000 T = 5 years R = 10 % Interest for 5 years at 10 % rate is equal to the 50 % of P and amount will be 150 % of P 3000 is 150 % i.e 100 % is equal to the P which is Rs 2000 .

A sum doubles in 8 years at simple interest. In how many years will the sum become 4 times the original sum?

• Option 1)

16

• Option 2)

24

• Option 3)

64

• Option 4)

40

• Option 5)

32

let the sum is P then P becomes 2P in 8 years p >> 8 years >>>2p>>>8 year >>>3p >>>8 years >> 4p 8+8+8 = 24 years Because it is always equal In all years

The interest for the 3rd year on a certain sum at a certain rate of simple interest is Rs.3000. find the sum of the interests accrued on it in the 6th, 7th and 8th years.

• Option 1)

Rs.3000

• Option 2)

Rs.9000

• Option 3)

Rs.4500

• Option 4)

Rs.12000

• Option 5)

Rs.6000

Simple interest is always calculated on principal. Therefore it is always equal for all years Interest = 3rd year = 3000 So interest for the 6th, 7th and 8th year is = 3000 + 3000+ 3000 = 9000 Rs.

If Rs.2000 amounts to Rs.2500 in 2 years at simple interest, what is the rate of interest per annum?

• Option 1)

8%

• Option 2)

37.5%

• Option 3)

22%

• Option 4)

12.5%

• Option 5)

25%

I = A-P = 2500 -2000 = 500 500 /2000 x 100 = 25 % Interest for 2 years = 25 % Interest for 1 years = 25% /2 = 12.5 %

Find the simple interest earned on Rs.20000 for 2 years at 10% p.a.

• Option 1)

Rs.4500

• Option 2)

Rs.2000

• Option 3)

Rs.4000

• Option 4)

Rs.5000

• Option 5)

Rs.6000

Or S.I = RT% of P = 10 x 2 %P  of P i.e 20 % of
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