Understanding Simple Interest

Q.

David lent ₹27000 to Leo at 8% per annum. If Leo discharges the debt after 8 months by giving him a color television and ₹14200 cash, find the price of the television.

(Use simple interest).

1. ₹ 14200

2. ₹ 15200

3. ₹ 14500

4. ₹ 14240

Q.

How many years will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?

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Q.

Ashin invested an amount of Rs. 13, 900 divided into two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B (in rupees)?

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Q.

Satyam took a loan of Rs. 5000 at 15% per year as rate of interest. The amount paid back by him at the end of the year is (in rupees) ___ .

Q.

A principal of ₹ 40, 000 is deposited in a bank which offers a simple interest at a rate of 10% a year. What is the amount at the end of 2 years?

1. Rs.48000

2. Rs.44000

3. Rs.40000

4. Rs.48000

Q. You have deposited ₹ 1000 in the bank. There is a 7% interest on it every year. How much money will you have after 5 years?

1. ₹ 350
2. ₹ 70
3. ₹ 1350
4. ₹ 1070

Q. Anita invests ₹ 1000 at the rate of 10% p.a simple interest. Find the interest earned in one year.

1. ₹ 200
2. ₹ 100
3. ₹ 125
4. ₹ 250

Q.

How much time will it take for an amount of ₹ 450 to yield an interest of ₹ 81 at 4.5% per annum simple interest?

1. 4 years

2. 3 years

3. 6 years

4. 5 years

Q.

If you invest ₹ 5, 000 at the rate of 5% p.a simple interest, how much interest will you earn after one year?

1. $300

2. $100

3. $500

4. $700

Q.

At what rate of simple interest per annum will a sum double itself in 8 years?

1. $25\%$

2. $12.5\%$

3. $6.25\%$

4. $50\%$