Recall Simple Interest

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. Rs. 1070.00

2. Rs. 350.00

3. Rs. 70.00

4. Rs. 1350.00

Q.

What will be the ratio of simple interest earned by a certain amount at the same rate of interest for 2 years and for 4 years?

1. 1:2
2. 2:1
3. 3:2
4. 4:3

Q.

What will be the ratio of simple interest earned by a certain amount at the same rate of interest for 3 years and for 9 years?

1. 1:2

2. 1:3

3. 1:4

4. 2:3

Q.

Find the simple interest for a sum of ₹ 25, 000 invested for 2 years at 8 % per annum.

1. Principal

2. Interest rate

3. Time taken to return loan

4. Time of compounding

Q.

Find the time in which the simple interest on a sum of money will be $0.125$ times the principal at $10\%$ p.a.

Q.

Find the Rate of Interest if the interest on $₨600$ for $5$ years is $₨150$.

Q.

A person invested sum of ₹ 2600 in different parts at 4%, 6% and 8% per annum simple interest. At the end of the year, he got the same interest in all three cases. Then the money invested at 4% is ₹ 1200.

1. Rs. 2200
2. Rs. 800

Q. What is the amount obtained by depositing 12, 500 at 8% simple interest per annum for 5 years?

1. 17500

Q.

If the simple interest on ₹ 2400 be more than the interest on ₹ 2000 by ₹ 60 in 3 years at the same rate percent, then find the rate.

1. 10%

2. 5%

3. 15%

4. 7.5%

Q.

A person took some money with some interest for 1 year under simple interest but later he found that the rate of interest was $2\%$ extra. According to the new rate of interest, he paid ₹ 60/- extra. How much money did he borrow?

1. ₹ 2000

2. $30\%$ of ₹ 10000

3. ₹ 3000

4. ₹ 4000

Q.

A sum of money lent out at 10 percent for 4 years produces twice as much as interest as ₹ 6000 in $3\frac{1}{2}$ years at 5 percent . Find the sum.

1. 1 hour ago

2. 2 hours ago

3. 3 hours ago

4. 5 hours ago

Q. Calculate the simple interest if, P = ₹2000 and R= 5% per annum for 3 years.

1. 400
2. 500
3. 200
4. 300

Q.

Shalini borrowed ₹ 35, 000 at a simple interest rate 8.5 % per annum. How much money will she pay at the end of 4 years to clear her debt?

1. ₹ 11, 900

2. ₹ 46, 900

3. ₹ 42, 900

4. ₹ 35, 000

Q.

Find the time in which $₨800$ will earn an interest of $₨120$ at $5\%$ p.a.

Q.

The simple interest on a certain sum of money for 3 years at $6\%$ per annum is ₹ 432. Find the principal.

1. Rs.442

2. Rs.432

3. Rs.430

4. Rs.452

Q.

Simple interest on a certain sum at the rate of $10\%$ per annum for 6 years and 7 years differs by ₹ 650. Find the sum.

1. Rs.4500

2. Rs.8500

3. Rs.6500

4. Rs. 5500

Q.

Find the Interest on $₨7000$ at $9\%$ p.a. for $6$ years.

Q.

The amount to be paid back if the principal of ₹ 5000 is taken at a rate of 11% interest per annum under simple interest for a period of 3 years will be equal to

1. Rs. 6650

2. Rs. 6640

3. Rs. 6760

4. Rs. 6660

Q.

Divide ₹ 15600 into two parts such that the simple interest on one at 5 percent for 5 years is equal to interest on remaining at 6% per annum for 4.5 years. Find the two parts.

1. ₹ 8100 and ₹ 7500

2. ₹ 8600 and ₹ 7000

3. ₹ 8800 and ₹ 6800

4. ₹ 7100 and ₹ 8500

Q.

If the amount invested is Rs 100 and the rate of interest is 12%, then the interest for one year is

1. Rs 10

2. Rs 12

3. Rs 15

4. Rs 20

Q.

If the rate of interest is 15% and interest earned in one year is Rs 15, then the sum invested is

1. Rs 25

2. Rs 15

3. Rs 100

4. Rs 50

Q. A man invests a certain sum of money at $6\%p.a.$ simple interest and another sum at $7\%p.a.$ simple interest. His income from interest after $2$ years was $Rs.354$. One-fourth of the first sum is equal to one-fifth of the second sum. The total sum invested was

1. $Rs.1500$
2. $Rs.1200$
3. $Rs.2700$
4. $Rs.5400$

Q.

If Mathew wants to earn a simple interest of ₹ 500 by lending money to his friend at an interest of $10\%$ per annum for 5 years, then the money that he has to lend will be

1. ₹1500

2. ₹1000

3. ₹1300

4. ₹1200

Q. At what rate of interest will a principal worth ₹3600 will amount to ₹4000 in one year ?

Q.

A sum of money lent out at 10 percent for 4 years produces twice as much as interest as ₹ 6000 in $3\frac{1}{2}$ at 5 percent . Find the sum

1. 3 hours ago

2. 2 hours ago

3. 5 hours ago

4. 1 hour ago

Q.

₹ 4000 amount to ₹ 5000 in 8 years. In what time will ₹ 1600 amount to ₹ 2400 at the same rate?

1. 10 years

2. 16 years

3. 12 years

4. 20 years

Q.

A certain sum of money amounts to ₹ 1008 in 2 years and to ₹ 1164 in 3.5 years under simple interest. Find the rate of interest.

1. $13\%$

2. $16\%$

3. $18\%$

4. $21\%$

Q. If Shawn invests ₹_____ at a rate of 15% per annum, then simple interest gained by him after one year is ₹300.

1. 2000