# Understanding Simple Interest

## Trending Questions

**Q.**

Find the amount to be paid at the end of 3 years for Rs. 7, 500 at 5% p.a.

- Rs 8700
- Rs 7625
- Rs 8625
- Rs 8500

**Q.**

A sum was invested at SI at a certain rate for 4 years. Had it been invested at 2% higher rate, it would have fetched Rs. 56 more? Find the sum.

Rs. 500

Rs. 600

Rs. 700

Rs. 800

**Q.**The simple interest on a certain sum of money for 4 years at 12% per annum is ₹600. Find the principal amount.

- ₹1250
- ₹1500
- ₹800
- ₹1200

**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).

₹ 14200

₹ 15200

₹ 14500

₹ 14240

**Q.**

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

4 years

6 years

3 years

5 years

**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?

4 years

3 years

6 years

5 years

**Q.**Lataben borrowed some money from a bank at a rate of 10 p.c.p.a. interest for 212 years to start a cottage industry. If she paid Rs. 10, 250 as total interest, how money had she borrowed?

**Q.**

Find the principal when simple interest $16\%$ per annum for $2\frac{1}{2}years$ is $\u20b93840$.

**Q.**A sum of Rs. 12, 500 amounts to Rs. 15, 500 in 4 years at the rate of simple interest. What is the rate of interest ?

- 5%
- 3%
- 6%
- 4%

**Q.**

You put $\$550$ in an account that earns $4.4\%$ simple interest per year. How much interest do you earn in $6$ months?

$1.21

$12.10

$121.00

$145.20

**Q.**Ramesh deposited Rs.7800 in a bank which pays him 12% p.a. What is amount which he receives after 3 months.

**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?

**Q.**

In what time will the interest on a certainsum at 7.5% simple interest be34 times of itself?

12 years

8 years

10 years

14 years

**Q.**

The amount of loan to be paid back if the principal is Rs. 5000 at a 11% interest per annum for 3 years will be ________.

Rs. 6660

Rs. 6760

Rs. 6650

Rs. 6640

**Q.**

Mahibur paid an interest of Rs. 750 for 2 years on a sum of Rs. 4500 on simple interest. If the rate of interest is x13% p.a, then 'x' is

**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?

Rs.48000

Rs.44000

Rs.40000

Rs.48000

**Q.**You have deposited ₹ 1000.00 in the bank at the rate of 7% per annum simple interest. The amount at the end of 5 years =

- ₹ 1350
- ₹ 350
- ₹ 700
- ₹ 1200

**Q.**

If Mathew wants to earn a simple interest of Rs. 500 by lending money to his friend at an interest of 10% per annum for 5 years, how much money should he lend?

Rs. 1000

Rs. 500

Rs. 100

Rs. 5000

**Q.**Bhavna, Charu and Shikha invested Rs 3600 for 7 months, Rs 4300 for 9 months and Rs 4500 for 6 months respectively. What is the share of profit of Charu (in rupees) out of a total profit of Rs. 12, 120?

**Q.**Ram invests two sum of money A and B at 10% p.a. and 20% p.a respectively at CI for 2 years. If the total interest on both the sum is Rs5350 then find the sum invested in A if the total sum of A and B was Rs20, 000?

**Q.**Sam invested a certain amount of money and got back an amount of Rs. 5000. If the bank paid an interest of Rs. 2700, find the amount Sam invested.

- 1300
- 2300
- 4300
- 3300

**Q.**State whether the statements are True or False.

Rs.6400 was lent to Feroz and Rashmi at 15% per annum for 312 and 5 years respectively. The difference in the interest paid by them is Rs.150.

- True
- False

**Q.**In how much time will a certain sum be 1.5 times the principal at 10% per annum?

- 1 year
- 2 year
- 4 year
- 5 year

**Q.**A man borrowed Rs.500 at a rate of 6% per annum. At the end of 312 years he paid back Rs. 350 and gave his radio for the balance amount. The price of the radio is

- Rs. 350
- Rs. 255
- Rs.250
- Rs.300

**Q.**

What is the rate per cent per annum if Rs 1600 amounts to Rs 1900 in 2.5 years?

9.5%

7.5%

6.25%

8%

**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.**

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

25%

12.5%

6.25%

50%

**Q.**Rajni and Mohini deposited Rs.3000 and Rs.4000 in a company at the rate of 10% per annum for 3 years and 212years respectively. The difference of the amounts received by them will be

- Rs.100
- Rs.1000
- Rs.900
- Rs.1100

**Q.**Find the simple interest and the amount when

Principal=Rs. 2650, rate=8% p.a and time=212 years

**Q.**At simple interest rate of 434% per annum, how much time is needed for Rs. 432 to yield an interest of Rs.78.66?

- 2 years 10 months
- 3 years
- 3 years and 10 months
- 4 years
- None of these