SIMPLE INTEREST -- 1 TO 20
Simple Interest
1. What will be the simple interest earned
on an amount of
988/- at the rate of 18 p.c.p.a., at the end of 5 years?
a)
711.36/- b)
898.2/- c)
799.25/- d)
805.4/- e)
None of these
2. What amount a man would have received
on a principal of
4,000/- after 2 years simple interest at the rate of 5 p.c.p.a.?
a)
4,161/- b)
5,200/- c)
4,400/- d)
4,100/- e)
4,190/-
3. Veena obtained an amount of
8,376/- as simple interest on a certain amount
at the rate of 8 p.c.p.a. after 6 years.
What is the amount invested by Veena?
a)
1,780/- b)
18,110/- c)
16,660/- d)
17,450/- e) None of these
4. The simple interest accrued on an
amount of
2,500/- at the end of six years is
1,875/- What
would be the simple interest accrued on an amount of
6,875/- at the same rate and same period?
a)
4,556.5/- b)
5,025.25/- c)
4,895.25/- d)
5,245.5/-
e) None of these
5. Manish borrowed a sum of
1,150/- from Anil at the simple rate of 6
p.c.p.a. for 3 years. He then added some
more money to the borrowed sum and lent it to Sunil for the same time at 9 p.c.p.a. at simple interest. If
Manish gains
274.95/- by way of interest on borrowed sum as well as his own amount from
the whole transaction, then what is the sum
lent by him to Sunil?
a)
1,290/- b)
1,785/- c)
1,285/- d)
1,200/- e)
None of these
6. Suhit borrowed a sum of
6,300/- from Vikas at the rate of 14% for 3
years. He then added some more money
to the borrowed sum and lent it to Mohit at the rate of 16% of simple interest for the same time. If
Suhit gained
618/- in the whole transaction, then what sum did he lend to Mohit?
a)
7,000/- b)
6,800/- c)
7,200/- d)
Cannot be determined
e) None of these
7. Arun invested a sum of money at a
certain rate of simple interest for a period of 4 years. Had he invested the same sum for a period of 6
years the total interest earned by him would
have been 50 per cent more than the earlier interest amount. What was the rate
of interest per cent per annum?
a) 4% b) 8% c) 5% d) cannot be determined e) None of these
8. Shamita took a loan at simple interest
rate of 6 p.c.p.a. in the first year and it increased by 1.5 p.c.p.a. every year. If she pays
8,190/- as interest at the end of 3 years,
what was her loan amount?
a)
36,000/- b)
35,400/- c)
36,800/- d) Cannot be determined
e) None of these
9. A sum was put at simple interest at a
certain rate for 2 years. Had it been put at 3% lower rate, it would have fetched
300/- less. Find the sum.
a)
1,000/- b)
2,000/- c)
3,000/- d)
5,000/- e)
None of these
10. What annual payment will discharge a debt
of
54,000/- due in 5 years, the rate of interest, being 4% per annum?
a)
10,000/- b)
11,000/- c)
15,000/- d)
20,000/- e)
None of these
11. Arunima invests an amount o
10,250/- at the rate of 4 p.c.p.a. to obtain a
total amount of
12,710/- on simple interest after a certain
period. For how many years did she invest the
amount to obtain the total sum?
a) 6 years b) 8 years c) 5
years d) 4 years e) None of these
12. At what rate of simple interest per annum
can an amount of
1,553.40/- be obtained on the principal amount of
8,630/- after 3 years?
a) 8 p.c .p.a. b) 2 p.c.p.a. c) 5 p.c.p.a. d) 7 p.c.p.a. e) None
of these
13. Jayesh has taken a loan at an interest of
18% per annum from a cooperative committee. If after
4 years he returned
9,374/- including interest, then how much was
the principal?
a)
5,000/- b)
5,400/- c)
5,450/- d)
5,600/- (e) None of these
14.
600/- becomes
720/- in 4 years when the interest is simple.
If the rate of interest is increased
by 2%, then what will be total amount?
a)
642/- b)
724/- c)
725/- d)
768/- e)
None of these
15. The amount of
5,500/- becomes
10,780/- after 6 years at simple interest.
What is the rate of interest?
a) 14% b) 12% c) 15% d) 16% e) None of these
16. Mr. Deepak invested an amount of
21,250/- for 6 years. At what
rate of simple interest will
he obtain the total amount of
26,350/- at the end of 5 years?
a) 6 p.c.p.a. b) 5 p.c.p.a. c) 8
p.c.p.a. d) 12 p.c.p.a. e) None of these
17. Anil invested an amount for 3 years at a
simple interest rate of 9 p.c.p.a. He got an amount
of
19,050/- at the end of 3 years. What principal
amount did he invest?
a)
14,500/- b)
11,050/- c)
15,000/- d)
10,950/- e) None of these
18. What is the interest received on a
principal of
450/- for 2 years. If the interest received on
1/- after 4 years at the same rate of simple
interest is
0.40/-?
a)
90/- b)
180/- c)
36/- d)
200/- e) None of the above.
19. What should be
the simple interest obtained on an amount of
5,760/- at the rate of
6 p.c.p.a. after 3 years?
a)
1,036.80/- b)
1,666.80/- c)
1,536.80/- d)
1,063.80/- e) None of these
20. Ms. Suchi
deposits an amount of
24,000/- to obtain a
simple interest at the rate of 14 p.c.p.a.
for 8 years. What total amount will Ms. Suchi get at the end of 8 years?
a)
62,080/- b)
28,000/- c)
50,880/- d)
26,880/- e)
None of these
SOLUTIONS
1.
[E];
2.
[C]; Amount = Principal + S.I.
=
= 4000 + 400 =
4,400/-
3.
[D];
=
17,450/-
4.
E]; Let
the rate of interest be R% per annum.
5.
[B]; Let the required sum
lent to Sunil be
x.
6.
[B]; Let
the money lent to Mohit be
x.
7.
[D]; Cannot be determined.
8.
[E]; Let loan amount be
x
According
to question,
8190
9.
[D]; Let the sum be
x
According
the question,
x
=
5,000/-
10.
[A]; Annual payment
=
11.
[A]; S.I. =
[12710 – 10250]
=
2,460/-
Time =
12.
[E]; Rate =
13.
[C];
or, 9374 =
or, 9374 =
14.
[D]; S.I. = 720 –
600 = 120
R =
Now, from the second
part of the question
R = 5 + 2 =
7%
15.
[D]; Rate =
16.
[E]; Interest =
26350 – 21250 =
5,100/-
Rate =
17.
[C]; Let the
principal be
x.
Principal =
x =
15,000/-
18.
[A]; S.I. on
1/- for 4 years =
0.4/-
=
19.
[A]; S.I.
=
20.
[C]; S.I. =
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