Simple Interest
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Question 1 of 15
1. Question
4 pointsWhat is the present worth of Rs 132 due in 2 years at 5% simple interest per annum?
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Question 2 of 15
2. Question
4 pointsReema 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?
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Question 3 of 15
3. Question
4 pointsA sum of money at simple interest amounts to Rs 2240 in 2 years and to Rs 2600 in 5 years. What is the principal amount?
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Question 4 of 15
4. Question
4 pointsThe simple interest on a certain sum of money at the rate of 5% p.a. for 8 years is Rs 840. At what rate, the same amount of interest can be received on the same sum after 5 years.
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Question 5 of 15
5. Question
4 pointsAt what rate percent per annum will the simple interest on a sum of money be 2/5 of the amount in 10 years?
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Question 6 of 15
6. Question
4 pointsRs 800 becomes Rs 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will Rs 800 become in 3 years?
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Question 7 of 15
7. Question
4 pointsIn how many years Rs 150 will produce the same interest at 8% as Rs 800 produce in 3 years at 9/2%?
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Question 8 of 15
8. Question
4 pointsRubi invested an amount of Rs. 13900 divided in two different schemes, X and Y at the simple interest rate of 14% per annum and 11% per annum respectively if the total amount of simple interest earned in two year be Rs. 3508, what was the amount invested in Scheme Y?
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Hint
Two schemes X and Y, X = 14% pa and Y = 11% pa
Amount earned = Rs 3508
Assuming Rs a invested in Scheme Y,
Then Rs (13900 – a) is invested in scheme XS.I = PNR/100
(13900−a)×2×14/100 + (a)×2×11/100 = 3508
On Solving we get x = Rs 6400 -
Question 9 of 15
9. Question
4 pointsA sum of money doubles itself in 20 years. In how many years will it triple itself at the same rate of simple interest?
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Question 10 of 15
10. Question
4 pointsIf the simple interest on Rs 500 for 4 years is Rs 40. Find the rate peer cent p.a.
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Question 11 of 15
11. Question
4 pointsA man lends Rs 500 for 4 years and Rs 600 for 3 years at a certain rate of simple interest. If he gets total Rs 190 as interest in both cases, the rate per cent per annum is :
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Question 12 of 15
12. Question
4 pointsWhat annual instalment should be paid to clear the debt of Rs 645 in 4 year at the rate of 5% p.a. simple interest?
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Question 13 of 15
13. Question
4 pointsA certain sum of money lent out on simple interest amounts to Rs 1760 in 2 years and to Rs 2000 in 5 years. Find the sum.
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Question 14 of 15
14. Question
4 pointsA and B borrowed an equal sum of money from a money lender a the rate of 8% and 5.5% p.a. respectively. If to clear the debt after 4 year, A paid Rs 550 more than B. the total sum of money taken by them was?
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Question 15 of 15
15. Question
4 pointsA sum of money amount to Rs 767 in 3 years and Rs 806 in 4 years at the simple rate of interest of 6%. What is the sum?
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