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Simple interest Test – 2

  • Remaining Timing :-

(1). With a given rate of simple interest, the ratio of principal and amount for a certain period of time is 4 : 5. After 3 years, with the same rate of interest, the ratio of the principal and amount becomes 5 : 7. The rate of interest is

  • (a). 4%
  • (b). 6%
  • (c). 5%
  • (d). 7%
  • (e). None of these
Answer : 5%

Explanation:

(2). A sum of money amounts to Rs. 5,200 in 5 years and to Rs. 5,680 in 7 years at simple interest. The rate of interest per annum is

  • (a). 3%
  • (b). 4%
  • (c). 5%
  • (d). 6%
  • (e). None of these
Answer : 6%

Explanation:

(3). A borrows Rs. 800 at the rate of 12% per annum simple interest and B borrows Rs. 910 at the rate of 10% per annum, simple interest. In how many years will their amounts of debt be equal?

  • (a). 18
  • (b). 20
  • (c). 22
  • (d). 24
  • (e). None of these
Answer : 22

Explanation:

(4). A person deposited Rs. 400 for 2 years, Rs. 550 for 4 years and Rs. 1,200 for 6 years. He received the total simple interest of Rs. 1,020. The rate of interest per annum is

  • (a). 10%
  • (b). 5%
  • (c). 15%
  • (d). 20%
  • (e). None of these
Answer : 10%

Explanation:

(5). Mr. Thomas invested an amount of Rs. 13,900 divided in 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?

  • (a). Rs. 8,000
  • (b). Rs. 6,400
  • (c). Rs. 7,000
  • (d). Rs. 7,500
  • (e). None of these
Answer : Rs. 6,400

Explanation:

(6). A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a. in 5 years. What is the sum?

  • (a). Rs. 7,000
  • (b). Rs. 6,400
  • (c). Rs. 9,000
  • (d). Rs. 8,925
  • (e). None of these
Answer : Rs. 8,925

Explanation:

(7).
  • (a). 5%
  • (b). 7%
  • (c). 10%
  • (d). 12%
  • (e). None of these
Answer : 10%

Explanation:

(8). Simple interest on Rs. 500 for 4 years at 6.25% per annum is equal to the simple interest on Rs. 400 at 5% per annum for a certain period of time. The period of time is
  • (a). 1
  • (b). 2
  • (c). 3
  • (d). 4
  • (e). None of these
Answer : 3

Explanation:

(9). Rs. 1,000 is invested at 5% per annum simple interest. If the interest is added to the principal after every 10 years, the amount will become Rs. 2,000 after
  • (a). 1
  • (b). 2
  • (c). 3
  • (d). 4
  • (e). None of these
Answer : 4

Explanation:

(10). How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?
  • (a). 1
  • (b). 2
  • (c). 3
  • (d). 4
  • (e). None of these
Answer : 1

Explanation: