Simple Interest

Q.

Compound interest on ₹ 18, 000 for $2\frac{1}{2}$ years at 10% per annum, compounded annually is

1. ₹ 4, 900

2. ₹ 4, 749

3. ₹ 4, 869

4. ₹ 4, 722

Q.

Simple interest on an amount at $4\%$ per annum for $13$ months is more than the simple interest on the same sum for $8$ months at $6\%$ per annum by $₹40$ what is the principal amount.

Q.

In how many years will a sum of money double itself at 8% per annum interest?

1. 10 years

2. 12.5 years

3. 13 years

4. 11.5 years

Q. At what time will a sum double itself, if the rate of interest is 5%?

1. 10 years
2. 18 years
3. 20 years
4. 15 years

Q. A sum of money doubles itself after 10 years at a certain rate of interest. What is the rate of simple interest?

1. 15%
2. 9%
3. 12%
4. 10%

Q.

What will be the difference between simple and compound interest at $10\%$ per annum on a sum of $\mathrm{Rs}.1000$ after $4$ years?

Q. Question 11
If Meena gives an interest of Rs 45 for one year at $9\%$ rate p.a, what is the sum she has borrowed?

Q. A sum of Rs 56000 gives Rs 280 as interest in 2 years. Find the rate of interest.

1. $0.25\%$
2. $0.15\%$
3. $0.30\%$
4. $0.05\%$

Q.

Find the sum of money which increases by $\frac{1}{10}$th of itself every year and amounts to ₹ 450 in 5 years, if calculated as per simple interest formula.

1. Rs. 100

2. Rs. 150

3. Rs. 300

4. Rs. 400

Q.

In how much time will a sum of money triple itself at$25\%$ per annum?

Q.

The simple interest on a certain sum for $5years$ at $8\%p.a.$ is $Rs200$less than the simple interest on the same sum for $3years$ and $4months$ at $18\%p.a.$find the sum.

Q.

What is the difference between simple interest and compound interest on a principal amount of $10000$?

Q.

Brenda invests $\$4,848$ in a savings account with a fixed annual interest rate of $5\%$ compounded $2$ times per year. What will the account balance be after $6$ years?

Q. The simple interest at x% per annum for x years will be ₹ x on a sum of ______

1. $\frac{100}{x}$
2. x
3. $100\times x$
4. None of the above

Q. Find the simple interest on a sum of ₹15000 invested for 2 years at 5% interest rate.

1. ₹1000
2. ₹2500
3. ₹1500
4. ₹2000

Q.

Find the sum which earned rs 1200 as simple interest in 5 years,

Rate of interest being 12 % p.a.

Q. Unmesh borrowed some money for 5 years at simple interest. The rate of interest is 9 p.c.p.a. If he returned 17400 rupees altogether at the end of 5 years, how much had he borrowed?

Q.

What does IMPS stand for?

Q.

Question 10

Shyama purchases a scooter costing Rs 36450 and the rate of sales tax is 9%, then the total amount paid by her is
(a) Rs 36490.50
(b) Rs 39730.50
(c) Rs 36454.50
(d) Rs 33169.50

Q. On a certain sum the interest paid after 3 years is ₹450 at 5% rate of interest per annum. Find the sum.

1. ₹3000
2. ₹5000
3. ₹6000
4. ₹4000

Q.

The difference between the final amount and the original principal is called _______ .

1. interest

2. rate of interest

3. time period

4. principal

Q.

Simple interest on a certain sum is $\frac{16}{25}$ times of the sum invested. If the rate percent and time are numerically equal, then find the time .

1. $8$ years
2. $6$ years
3. $4$ years
4. $9$ years

Q. A certain sum of money amounts to ₹ 522 rupees in 2 years and ₹558 rupees in 3 years lent at simple interest. Find the sum and rate of interest.

1. 450 Rupees, 8%
2. 400 Rupees, 5%
3. 550 Rupees, 8%
4. 350 Rupees, 5%

Q.

How long will an amount of money double at a simple interest rate of $2$ percent per annum?

Q. If a sum amounts to ₹ 600 in 2 years at 10% per annum, then how much will it amount to in 5 years?

1. ₹ 750
2. ₹ 700
3. ₹ 800
4. ₹ 850

Q.

A sum of money invested at a certain rate of interest doubles itself in $8$ years . In much time will it triple itself at the same interest rate ?

Q.

Rakesh borrowed ₹ 60, 000 at 12% per annum compound interest. If he pays 50% of the sum borrowed at the end of the first year and 50% of the remaining loan at the end of the second year, then find the amount of loan outstanding at the beginning of the third year.

1. ₹ 20, 832

2. ₹ 26, 664

3. ₹ 20, 664

4. ₹ 24, 664

Q.

On a certain sum the interest paid after $3\mathrm{years}\mathrm{is}450\mathrm{at}5\%\mathrm{rate}\mathrm{of}\mathrm{interest}\mathrm{per}\mathrm{annum}$. Find the sum.

Q. Find the simple interest on ₹ 150 for 4 years at 5% per year.

1. ₹ 15
2. ₹ 30
3. ₹ 25
4. ₹ 40

Q. A sum of money doubles itself in two years. Find the rate of Simple Interest.

1. 50%
2. 10%
3. 25%
4. 30%