INTEREST
INTEREST
INTEREST
1. A man had Rs 16000, part of which he lent at 8% per annum and the rest at 9% per annum simple
interest. If the total annual interest be Rs 1340, the money lent at 8% is
(A) Rs 6000 (B) Rs 8000 (C) Rs 10000 (D) Rs 12000
2. A sum of money amounts to Rs 5200 in 5 years and to Rs 5680 in 7 years at simple interest. The rate
of interest per annum is
(A) 3% (B) 4% (C) 5% (D) 6%
3. A person invests money in three different schemes for 6 years, 10 years and 12 years at 10%, 12% and
15% simple interest respectively. At the completion of each scheme, he gets the same interest. The
ratio of his investments is
(A) 2 : 3 : 4 (B) 3 : 4 : 2 (C) 3 : 4 : 6 (D) 6 : 3 : 2
4. Rs 6000 becomes Rs 7200 in 4 years at a certain rate of interest. If the rate becomes 1.5 times of itself,
the amount of the same principal in 5 years will be
(A) Rs 8000 (B) Rs 8250 (C) Rs 9000 (D) Rs 9250
5. If the simple interest for 6 years be equal to 30% of the principal, it will be equal to the principal after
(A) 10 years (B) 20 years (C) 22 years (D) 30 years
6. Kruti took a loan at simple interest at 6% in the first year with an increase of 0.5% in each subsequent
year. She paid Rs 3375 as interest after 4 years. How much load did she take?
(A) Rs 12500 (B) Rs 15800 (C) Rs 33250 (D) Cannot be determined
8. A certain sum is invested on simple interest. If it trebles in 10 years, what is the rate of interest?
(A) 18% p.a. (B) 20% p.a. (C) 22% p.a. (D) 25% p.a.
9. A man invests of his capital at 7% pa.a, at 8% p.a. and the remainder at 10% p.a. If his annual
income is Rs 561, the capital is
(A) Rs 5400 (B) Rs 6000 (C) Rs 600 (D) Rs 7200
10. A certain sum of money becomes three times of itself in 20 years at simple interest. In how many years
does it become double of itself at the same rate?
(A) 8 years (B) 10 years (C) 12 years (D) 14 years
11. If the annual rate of simple interest increases from 10% to , a man’s annual income increases by
Rs 1250. The principal is
(A) Rs 45000 (B) Rs 50000 (C) Rs 60000 (D) Rs 650000
12. Simple interest on a certain sum at a certain annual rate of interest is of the sum. If the numbers
representing rate percent and time in years be equal, then rate percent per annum is
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13. x, y, z are three sums of money such that y is the simple interest on x and z is the simple interest on y is
the simple interest on y for the same time and rate. Which of the following is correct?
(A) xyz = 1 (B) z2 = xy (C) x2 = yz (D) y2 = zx
14. In how much time would the simple interest on certain sum be 0.125 times the principal at 10% per
annum?
15. The difference between the simple interest received from two different sources on Rs 1500 for 3 years
is Rs 13.50. The difference between their rates of interest is:
(A) 0.1% (B) 0.2% (C) 0.3% (D) 0.4%
16. Mr. lends 40% of the sum at 15% p.a., 50% of rest sum at 10% p.a. and the rest at 18% p.a. simple
interest. What would be the rate of interest per annum calculated on the whole sum?
(A) 13.33% (B) 13.4% (C) 14.4% (D) None of these
17. What annual payment will discharge a debt of Rs 580 due in 5 years at 8% p.a.?
(A) Rs 166.40 (B) Rs 65.60 (C) Rs 100 (D) Rs 120
18. A sum of Rs 10000 is lent partly at 8% and the remaining at 10% p.a. If the yearly interest on the
average is 9.2%, the money lent at 10% is
(A) Rs 6000 (B) Rs 5500 (C) Rs 5000 (D) Rs 4500
16. A sum of Rs 5000 was lent partly at 6% and partly at 9% simple interest. If the total annual interest be
Rs 390, the ratio in which the money was lent at given rates is
(A) 1 : 1 (B) 1 : 2 (C) 2 : 3 (D) 3 : 2
20. The difference between the interests received from two different banks on Rs 5000 for 2 years is Rs 25.
The difference between their rates is
(A) 1% (B) 2.5% (C) 0.5% (D) 0.25%
21. The least number of years in which the simple interest on Rs 2600 at % simple interest will be exact
number of rupees, is
(A) 2 years (B) 3 years (C) 4 years (D) 5 years
22. A man distributed Rs 25300 among his three sons A, B, C in such a way that the amounts of their parts
at 10% simple interest in 2 years, 3 years and 4 years will be equal. A’s share is
(A) Rs 7800 (B) Rs 8400 (C) Rs 9100 (D) None of these
23. 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 per annum is
(A) 4% (B) 5% (C) 6% (D) 7%
24. Anand took some loan at 12% per annum simple interest and paid back Rs 17584 at the end of 3 years
4 months. How much money did he borrow?
(A) Rs 13650 (B) Rs 14540 (C) Rs 12560 (D) Rs 15650
25. A sum of Rs 10 is lent to be returned in 11 monthly instalments of Re 1 each, interest being simple. The
rate of interest is
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