1. If the simple interest on a certain sum of money for 4 years is one–fifth of the sum, then the rate of interest per annum is 1. 4% 2. 7% 3. 6% 4. 5% [expand title=”Answer & Explanation”] Answer:- 4 Explanation :- Let the sum of money be x Therefore SI = x/5 T […]
1. The simple interest on Rs.500 at 6% per annum from May 3rd to July 15th in the same year is 1. Rs. 8 2. Rs. 6 3. Rs. 4 4. Rs. 9 [expand title=”Answer & Explanation”] Explanation :- Answer:- 2 P = 500 R = 6% Total Days = 28+30+15 = 73
1. A sum was put a simple interest at a certain rate for 2 years. Had it been put at 4% higher rate, it would have fetched Rs. 60 more. The sum is: 1. Rs.750 2. Rs.700 3. Rs.820 4. Rs.940 [expand title=”Answer & Explanation”] Answer:- 1 Explanation :- Let the sum be Rs.x &
1. David invested certain amount in three different schemes A, B and C with the rate of interest 10% p.a., 12% p.a. and 15% p.a. respectively. If the total interest accrued in one year was Rs. 3200 and the amount invested in Scheme C was 150% of the amount invested in Scheme A and 240%
1. In how many years, Rs. 150 will produce the same interest at 6% as Rs. 800 produce in 2 years at 4½% ? 1. 4 years 2. 6 years 3. 8 years 4. 9 years [expand title=”Answer & Explanation”] Answer:- 3 Explanation :- SI for Rs.150 at 6% for t years = SI for
1. A lends Rs. 1500 to B and a certain sum to C at the same time at 8% per annum simple interest. If after 4 years, A altogether receives Rs. 1400 as interest from B and C, then the sum lent to C is 1. Rs.2875 2. Rs.1885 3. Rs.2245 4. Rs.2615 [expand title=”Answer
1. A sum of Rs. 14,000 amounts to Rs. 22,400 in 12 years at the rate of simple interest. What is the rate of interest? 1. 7% 2. 6% 3. 5% 4. 4% [expand title=”Answer & Explanation”] Answer:- 3 Explanation :- P= Rs. 14000 SI=Rs. 22400 T=12 years R=(SI*100)/(P*T) R=(22400*100)/(14000*12) Therefore , R = 5%
1. A person borrows Rs.5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6 1⁄4% p.a for 2 years. Find his gain in the transaction per year. 1. Rs. 167.50 2. Rs. 150 3. Rs.225 4. Rs. 112.50 [expand title=”Answer & Explanation”] Answer:- 4 Explanation :- He
1. How much time will it take for an amount of Rs. 900 to yield Rs. 81 as interest at 4.5% per annum of simple interest? 1. 2 years 2. 3 years 3. 1 year 4. 4 years [expand title=”Answer & Explanation”] Explanation :- Answer:- 1 P = Rs.900 R = 4.5% SI = Rs.81