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Question-1
A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest?
(A)
3.6%
(B)
5%
(C)
6%
(D)
None of these
Question-2
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. 4462.50
(B)
Rs. 8032.50
(C)
Rs. 8900
(D)
Rs. 8925
Question-3
A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was:
(A)
Rs. 2000
(B)
Rs. 10,000
(C)
Rs. 15,000
(D)
Rs. 20,000
Question-4
Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?
(A)
3.6
(B)
6
(C)
18
(D)
none of these
Question-5
An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes:
(A)
10%
(B)
10.25%
(C)
10.5%
(D)
none of these
Question-6
A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6 p.a for 2 years. Find his gain in the transaction per year.
(A)
Rs. 112.50
(B)
Rs. 125
(C)
Rs. 150
(D)
Rs. 167.50
Question-7
What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years?
(A)
1:3
(B)
1:4
(C)
2 : 3
(D)
data inadequate
Question-8
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)
3.5years
(B)
4years
(C)
4.5years
(D)
5 years.
Question-9
A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is:
(A)
5%
(B)
8%
(C)
12%
(D)
15%
Question-10
A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:
(A)
Rs. 650
(B)
Rs. 690
(C)
Rs. 698
(D)
Rs. 700
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