Simple Interest MCQ Questions & Answers

Simple Interest MCQs : This section focuses on the "Simple Interest". These Multiple Choice Questions (MCQs) should be practiced to improve the Simple Interest skills required for various interviews (campus interview, walk-in interview, company interview), placement, entrance exam and other competitive examinations.

Question 1

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

Question 2

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. 3.5 years

B. 4 years

C. 4.5 years

D. 5 years

Question 3

A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest?

A. 3%

B. 4%

C. 5%

D. 6%

Question 4

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. 10000

C. Rs. 15000

D. Rs. 20000

Question 5

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 6

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. 6400

B. Rs. 6500

C. Rs. 7200

D. Rs. 7500

Question 7

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 8

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. Can not say

Question 9

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 10

A lent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest at the same rate of interest and received Rs. 2200 in all from both of them as interest. The rate of interest per annum is:

A. 5%

B. 7%

C. 7(1/8)%

D. 10%

Question 11

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 12

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 13

A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?

A. Rs. 35

B. Rs. 245

C. Rs. 350

D. Cannot be determined

Question 14

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. 225

D. Rs. 167.50

Question 15

The simple interest on a sum of money is Rs. 50. What is the sum? I. The interest rate is 10% p.a. II. The sum earned simple interest in 10 years.

A. I alone sufficient while II alone not sufficient to answer

B. II alone sufficient while I alone not sufficient to answer

C. Both I and II are not sufficient to answer

D. Both I and II are necessary to answer

Question 16

What is the sum which earned interest? I. The total simple interest was Rs. 7000 after 7 years. II. The total of sum and simple interest was double of the sum after 5 years.

A. I alone sufficient while II alone not sufficient to answer

B. II alone sufficient while I alone not sufficient to answer

C. Both I and II are not sufficient to answer

D. Both I and II are necessary to answer

Question 17

What percentage of simple interest per annum did Anand pay to Deepak? I. Anand borrowed Rs. 8000 from Deepak for four years. II. Anand returned Rs. 8800 to Deepak at the end of two years and settled the loan.

A. I alone sufficient while II alone not sufficient to answer

B. II alone sufficient while I alone not sufficient to answer

C. Both I and II are not sufficient to answer

D. Both I and II are necessary to answer

Question 18

What is the rate of simple interest? I. The total interest earned was Rs. 4000. II. The sum was invested for 4 years.

B. II alone sufficient while I alone not sufficient to answer

C. Both I and II are not sufficient to answer

D. Both I and II are necessary to answer

Question 19

What is the principal sum? I. The sum amounts to Rs. 690 in 3 years at S.I. II. The sum amounts to Rs. 750 in 5 years at S.I. III. The rate of interest is 5% p.a.

A. I and III only

B. II and III only

C. I and III only, or II and III only

D. Any two of the three

Question 20

1. The simple interest on a sum of money is Rs. 50. What is the sum?I. The interest rate is 10% p.a.II. The sum earned simple interest in 10 years

A. I alone sufficient while II alone not sufficient to answer

B. II alone sufficient while I alone not sufficient to answer

C. Either I or II alone sufficient to answer

D. Both I and II are necessary to answer

Question 21

A bank offers 20% compound interest per half year. A customer deposits Rs 7600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained from interest is

A. Rs 9727

B. Rs 2432

C. Rs 4864

D. Rs 1216

Question 22

A bank offers 9% p.a. simple interest on an investment. At the end of 4 years the interest earned was $215. How much was invested?

A. 597.22

B. 345

C. 456

D. 378

Question 23

A car is purchased on hire-purchase. The cash price is $21 000 and the terms are a deposit of 10% of the price, then the balance to be paid off over 60 equal monthly instalments. Interest is charged at 12% p.a. What is the monthly instalment?

A. $503

B. $504

C. $505

D. %506

Question 24

A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?

A. Rs.35

B. Rs.245

C. Rs.350

D. cannot be determined

Question 25

A certain amount earns simple interest of Rs. 2260 after 3 years. Had the interest been 1 % more how much more interest would it have earned ?

A. Rs. 175

B. Rs. 220.75

C. Rs. 126

D. Can't be determined

Question 26

A certain bank offers 8% rate of interest on the 1st year and 9% on the 2nd year in a certain fixed deposit scheme. If Rs 17,658 are received after investing for 2 years in this scheme, then what was the amount (in Rs) invested?

A. 16000

B. 15000

C. 15500

D. 16500

Question 27

A certain principal is invested in a scheme of compound interest. The amount obtained after 1 year is Rs 2400 and the amount obtained after 2 years is Rs 2880. What is the rate of interest (in percentage)?

A. 20

B. 15

C. 25

D. 10

Question 28

A certain sum is invested at simple interest at 18% p.a. for two years instead of investing at 12% p.a. for the same time period. Therefore the interest received is more by Rs. 840. Find the sum ?

A. Rs. 5858

B. Rs. 8800

C. Rs. 7000

D. Rs. 6350

Question 29

A certain sum of money amounts to Rs 1008 in 2 years and to Rs 1164 in 3 ½ years. Find the sum and the rate of interest.

A. 800, 14%

B. 800, 13%

C. 800, 12%

D. 800, 19%

Question 30

A Certain sum of money an amounts to Rs 2500 in a span Of 5 years and further to Rs.3000 in a span of 7 years at simple interest The sum is ?

A. Rs. 1800

B. Rs. 2000

C. Rs. 1400

D. Rs. 1250

Question 31

A certain sum of money becomes 4 times of itself in 30 years at a rate of simple interest. In how many years it will become double of itself at the same rate of simple interest?

A. 20

B. 15

C. 10

D. 12

Question 32

A certain sum of money becomes double of itself in 15 years at a rate of simple interest. In how many years will it become 5 times of itself at the same rate of simple interest

A. 45

B. 37.5

C. 75

D. 60

Question 33

A certain sum of money triples itself in 5 years at simple interest. In how many years it will be five times?

A. 5

B. 8

C. 10

D. 15

Question 34

A father left a will of Rs.35 lakhs between his two daughters aged 8.5 and 16 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.35 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will?

A. 17.5 lakhs

B. 21 lakhs

C. 15 lakhs

D. 20 lakhs

Question 35

A invested an amount of x rupees in a bank for 2 years which gave 5% interest in year 1 and 6% interest in year 2. The amount received after 2 years is Rs 24,486. What is the value of x?

A. 23000

B. 22500

C. 22000

D. 21500

Question 36

A lady took loan from a bank at the rate of 12% p.a. simple interest. After 3 years she had to pay Rs. 5400 interest only for the period. The principal amount borrowed by her was :

A. Rs. 15,000

B. Rs. 1,50,000

C. Rs. 1500

D. Rs. 1,62,000

Question 37

A loan of $15 000 is taken out. If the interest rate on the loan is 7%, how much interest is due and what is the amount repaid if the loan is due in seven months

A. 15612.5

B. 14612.5

C. 13612.5

D. 17612.5

Question 38

A loan shark made a loan of $100 to be repaid with $120 at the end of one month. What was the annual interest rate?

A. 210%

B. 220%

C. 230%

D. 240%

Question 39

A man borrowed Rs 24000 from two money lenders. For one loan, he paid 15% per annum and for the other 18% per annum. At the end of one year, he paid Rs 4050. How much did he borrow at each rate ?

A. Rs.16000

B. Rs.12000

C. Rs.15000

D. Rs.13000

Question 40

A man borrowed some money from a private organisation at 5% simple interest per annum. He lended this money to another person at 10% compound interest per annum, and made a profit of 26,410 in 4 years. The man borrowed

A. 200000

B. 150000

C. 132050

D. 100000

Question 41

A man invested an amount at the rate of 10% p.a. on compound interest and after two years he again invested half of the initial amount. If man got Rs. 457.2 Rs. as interest after three years, find the amount received by man after three years, if he invested same amount on simple interest at rate of 15% p.a.?

A. 1740 Rs.

B. 1760 Rs.

C. 1720 Rs.

D. 1780 Rs.

Question 42

A man lent a sum of money at the rate of simple interest of 4%. If the interest for 8 years is Rs 340 less than the principal, the principal is

A. Rs 500

B. Rs 520

C. Rs 540

D. Rs 560

Question 43

A man purchased a cycle for Rs.3000/- and agreed to pay 12% on the amount as interest. He repaid principal and interest in 12 equal monthly installments. Find the amount of each installment.

A. Rs. 260

B. Rs. 240

C. Rs. 280

D. Rs. 300

Question 44

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.10000

C. Rs.15000

D. Rs.20000

Question 45

A merchant receives an invoice for a motor boat for $20 000 with terms 4/30, n/100. What is the highest simple interest rate at which he can afford to borrow money in order to take advantage of the discount?

A. 247.67

B. 237.67

C. 227.67

D. 215.67

Question 46

A money lender lends Rs. 400 for 3 years to a person and lends Rs. 500 for 4 years to the other person at the same rate of simple interest. If altogether he receives Rs. 160 as interest, what is the rate of interest per annum ?

A. 5%

B. 7%

C. 9%

D. 10%

Question 47

A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 614 p.a for 2 years. Find his gain in the transaction per year

A. Rs. 112.50

B. Rs.150.25

C. Rs.167.50

D. Rs.170

Question 48

A person borrows some money for 4 years at the rate of simple interest. If the ratio of principal and total interest is 5 : 1, then what is the rate ( in percentage) of interest?

A. 5

B. 25

C. 10

D. 20

Question 49

A person borrows some money for 8 years at a rate of simple interest. If the ratio of principal and total interest is 5 : 8, then what is the rate ( inpercentage) of interest?

A. 10

B. 20

C. 25

D. 30

Question 50

A person got Rs.48 more when he invested a certain sum at compound interest instead of simple interest for two years at 8% p.a. Find the sum ?

A. Rs.8000

B. Rs.6500

C. Rs.7500

D. Rs.5000

Question 51

A person invested a total sum of Rs 7900 in three different schemes of simple interest at 3%, 5% and 8% per annum. At the end of one year he got same interest in all three schemes. What is the money (in Rs) invested at 3%?

A. 2900

B. 3500

C. 4000

D. 5600

Question 52

A person lends Rs. 1540 for five years and Rs. 1800 for four years. If he gets Rs. 1788 as interest on both amounts, what is the rate of interest ?

A. 14.5%

B. 11%

C. 12%

D. 10.5%

Question 53

A person lent certain sum of money at 10% per annum simple interest. In 20 years the interest amounted to Rs 500 more than the sum lent. What was the sum lent (in Rs)?

A. 200

B. 500

C. 1000

D. 250

Question 54

A person lent Rs 10000 to B for 3 years and Rs 6000 to C for 4 years on simple interest at same rate of interest and received Rs 5400 in all from both ofthem as interest. What is the rate of interest (in %)?

A. 10

B. 12

C. 20

D. 25

Question 55

A person takes a loan of Rs. 200 at 5% simple interest. He returns Rs.100 at the end of one year. In order clear his dues at the end of 2 years, he would pay :

A. Rs. 100

B. Rs. 105

C. Rs. 115

D. Rs. 110

Question 56

A Rent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest at the same rate of interest and received Rs. 2200 in all from both of them as interest. The rate of interest per annum is:

A. 5%

B. 7%

C. 7.5%

D. 10%

Question 57

A sapphire ring with a marked price of $1800 is offered to the purchaser on the following terms: $200 deposit and the balance to be paid over 24 equal monthly instalments with interest charged at 11.5% p.a. flat rate. Find the monthly repayments

A. $53

B. $42

C. $62

D. $82

Question 58

A simple interest earned on certain amount is triple the money when invested for 16 years.what is the interest rate offered ?

A. 13.33 %

B. 14.25 %

C. 16.98 %

D. 18.75 %

Question 59

A sum amounts to Rs 7727.104 at the rate of 12% per annum compounded annually after three years. What is the value of principal (in Rs)?

A. 5000

B. 5200

C. 5350

D. 5500

Question 60

A sum at simple interest at 1312% per annum amounts to Rs. 2502.50 after 4 years. Find the sum

A. Rs.1625

B. Rs1525

C. Rs.1425

D. Rs.1325

Question 61

A sum becomes Rs 10000 in 10 years on simple interest at the rate of 10% per annum. What is the total interest (in Rs) of the 10 years?

A. 4000

B. 5000

C. 2500

D. 4500

Question 62

A sum becomes Rs 1392 in 2 years and Rs 1488 in 3 years at simple interest. What is the rate (in percentage) of interest per annum?

A. 8

B. 10

C. 12

D. 8.5

Question 63

A sum becomes Rs 2286 in 3 years and Rs 2448 in 4 years at simple interest. What is the rate (in percentage) of interest per annum?

A. 10

B. 9

C. 8

D. 11

Question 64

A sum fetched a total simple interest of Rs 1200 at the rate of 7.5%/yr in 4 years. What is the sum (in Rs)?

A. 4000

B. 6000

C. 8000

D. 7500

Question 65

A sum of Rs. 4000 is lent out in two parts, one at 8% simple interest and the other at 10% simple interest. If the annual interest is Rs. 352. The sum lent at 8% is

A. Rs. 2900

B. Rs. 2200

C. Rs. 2400

D. Rs. 3100

Question 66

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. 3.46%

B. 4.5%

C. 5%

D. 6%

Question 67

A sum of Rs. 1200 is lent to be paid back in 5 equal annual installments of Rs. 264 each. The rate of interest per annum is

A. 6%

B. 8%

C. 2%

D. 4%

Question 68

A sum of Rs. 3000 yields an interest of Rs. 1080 at 12% per annum simple interest in how many years ?

A. 4 Years

B. 3 Years

C. 5 Years

D. 2.5 Years

Question 69

A sum of Rs.1550 was lent partly at 8% p.a. simple interest. The total interest received after 3 years was Rs.300. The ratio of the money lent at 5% to that lent at 8% is :

A. 5:8

B. 6:7

C. 16:15

D. 17:18

Question 70

A sum was invested for 3 years at simple interest at a certain rate. Had it been invested at 4% higher rate of interest, it would have fetched Rs 600 more. The sum is

A. Rs 4000

B. Rs 4950

C. Rs 5000

D. Rs 5150

Question 71

A sum was put at simple interest at a certain rate for 10 years . Had it been put at 5% higher rate , it would have fetched Rs.600 more. What was the Sum?

A. Rs.1200

B. Rs.1300

C. Rs.1400

D. Rs.1500

Question 72

A sum was put at simple interest at a certain rate for 3 years. Had it been put at 2% higher rate, it would have fetched Rs 360 more. Find the sum.

A. Rs.4000

B. Rs.9000

C. Rs.5000

D. Rs.6000

Question 73

Albert invested an amount of x rupees in a fixed deposit scheme offering 10% per annum for 1st year and 15% per annum for 2nd year and received an amount of Rs 20,240 after the two years. What is x (in Rs)?

A. 15000

B. 16000

C. 14000

D. 18000

Question 74

Alipta got some amount of money from her father. In how many years will the ratio of the money and the interest obtained from it be 10:3 at 6% simple interest per annum?

A. 7 years

B. 3 years

C. 5 years

D. 4 years

Question 75

Althaf borrows Rs. 1500 from two moneylenders. He pays interest at the rate of 12% per annum for one loan and at the rate of 14% per annum for the other. The total interest he pays for the entire year is Rs. 186. How much does he borrow at the rate of 12% ?

A. Rs. 300

B. Rs. 400

C. Rs. 1200

D. Rs. 1100

Question 76

An amount doubles itself in 15 years. what is the rate of interest ?

A. 7.85 %

B. 9.41%

C. 6.66 %

D. 4.21 %

Question 77

An amount fetched a total simple interest of Rs. 3200 at the rate of 6.25 %/yr in 4 years. What is the amount (in Rs)?

A. 13800

B. 11800

C. 12800

D. 14800

Question 78

An amount of $255 was invested at 8.5% p.a. How long will it take, to the nearest year, to earn $86.70 in interest?

A. 2years

B. 3years

C. 4years

D. 5years

Question 79

An amount of 5,000 is invested at a fixed rate of 8 per cent per annum. What amount will be the value of the investment in five years time, if the interest is compounded every six months?

A. 7401.22

B. 3456

C. 4567

D. 7890

Question 80

An automobile financier claims to be lending money at S.I., but he includes the interest every six months for calculating the principal. If he is charging an interest of 8%, the effective rate of interest becomes ?

A. 10.25 %

B. 8.16 %

C. 9.63 %

D. 0.16 %

Question 81

An automobile financier claims to be lending money at simple interest, but he includesthe interest every six months for calculating the principal. If he is charging an interest of10%, the effective rate of interest becomes:

A. 10%

B. 10.25%

C. 10.5%

D. none of these

Question 82

An equal sum is invested in two different schemes. One scheme gives simple interest and the other gives compound interest (annual compounding). The sum of interest obtained after 2 years from both the schemes is Rs 2961. If both schemes have 23% per annum interest rate, then what is the first year interest (in Rs)of simple interest scheme?

A. 500

B. 1100

C. 700

D. 900

Question 83

An equal sum is invested in two different schemes. One scheme gives simple interest and the other gives compound interest (annual compounding). The total interest obtained after 2 years from both the schemes together is Rs 2090. If both the schemes have 18% per annum interest rate, then what is the first year interest (in Rs) of simple interest scheme?

A. 1000

B. 500

C. 545

D. 1045

Question 84

An investment bond is offered to the public at 9% p.a. Louise buys a bond worth $2000 that will mature in 2 years. How much in total will Louise receive at the end of the 2 years?

A. 3360

B. 2360

C. 4360

D. 5360

Question 85

Ankita borrows Rs. 7000 at simple Interest from a lender. Atthe end of 3 years, she again borrows Rs. 3000 and settledthat amount after paying Rs. 4615 as interest after 8 years from the time she made the first borrowing. What is the rate of interest?

A. 5.5%

B. 9.5%

C. 7.5%

D. 6.5%

Question 86

Arun took a loan of Rs. 29000 with simple interest for as many years as the rate of interest. If he paid Rs. 10440 as interest at the end of the loan period, what was the rate of interest?

A. 5.5%

B. 6%

C. 6.5%

D. 7%

Question 87

At 5% simple interest per annum a certain sum yields a total amount of Rs. 2,790 at the end of 3 1/4 years. The sum invested was

A. Rs. 2350

B. Rs. 2400

C. Rs. 2600

D. Rs. 2550

Question 88

At 6% simple interest per annum a sum of money became Rs. 834 in 6.5 years. The sum initially invested was

A. Rs. 600

B. Rs. 626

C. Rs. 675

D. Rs. 650

Question 89

At 8% simple interest per annum a sum of money becomes Rs. 300 in 2.5 years. What was the sum invested?

A. Rs. 275

B. Rs. 250

C. Rs. 240

D. Rs. 260

Question 90

At 8% simple interest per annum a sum of money becomes Rs.608 in 3.5 years. What was the sum invested?

A. Rs.440

B. Rs.475

C. Rs.450

D. Rs.460

Question 91

At 9.5% simple interest per annum a sum of money became Rs. 942 in 6 years. The sum initially invested was:

A. 600

B. 616

C. 626

D. 636

Question 92

At the beginning of March, Ryan had $621 in his savings bank account. On 10 March he deposited $60. If the bank pays 8% p.a. interest paid monthly and calculated on the minimum monthly balance, calculate the interest Ryan earns in March.

A. 2.14

B. 3.14

C. 5.14

D. 4.14

Question 93

At what percent of simple interest will a sum 0f money double itself in 15 years?

A. 6 1/3%

B. 6 2/3%

C. 6 1/2%

D. 6%

Question 94

At what percentage simple interest per annum a certain sum will double in 10 years?

A. 7%

B. 8%

C. 9%

D. 10%

Question 95

At what rate of compound interest per annum will a sum of rs.1200 becomes rs.1348.32 in 2 years

A. 66%%

B. 6.5%

C. 7%

D. 7.5%

Question 96

At what rate percent on simple interest will Rs.415 amount to Rs.514 in 4 years ?

A. 4.58 %

B. 5.96 %

C. 6.52 %

D. 4.98 %

Question 97

At what rate percent per annum will a sum of money double in 8 years.

A. 12.5%

B. 13.5%

C. 11.5%

D. 14.5%

Question 98

Avinash gave a sum of 5400 at the simple rate of interest of 8% to Rajeev for 4 years and Rajeev gave this amount to Chanukya at the rate of 6% for 4 years. Find how much extra amount has to be paid by Rajeev to Avinash after 4 years?

A. Rs. 364

B. Rs. 432

C. Rs. 498

D. Rs. 554

Question 99

Both S.I. and C.I. is calculated with a similar rate of 10% per annum on a sum of rupees. If C.I. is calculated yearly for two years, then for what period must S.I. be evaluated such that S.I. = C.I.?

A. 4.2 years

B. 2.1 years

C. 1.1 years

D. 1.4 years

Question 100

Calculate the simple interest if Rs. 1800 is invested for 10 years at a rate of 5% per annum.

A. Rs. 900

B. Rs. 450

C. Rs. 1800

D. Rs. 2700

Question 101

Car is purchased on hire-purchase. The cash price is $21 000 and the terms are a deposit of 10% of the price, then the balance to be paid off over 60 equal monthly instalments. Interest is charged at 12% p.a. What is the total cost of the car?

A. 30.24

B. 31.24

C. 33.24

D. 32240

Question 102

Find the approximate simple interest on Rs. 2000 from March 9, 2010 to May 21, 2010 at 8.25% per annum.

A. Rs. 43

B. Rs. 37

C. Rs. 33

D. Rs. 40

Question 103

Find the difference between compound interest and simple interest on 5000 for 2 years at 8% p.a. payable annually?

A. 45

B. 32

C. 57

D. 84

Question 104

Find the principal which yields $25,000 when invested at 3% annually for 20 years.

A. 13841.89

B. 14821

C. 13468

D. 57389

Question 105

Find the simple interest charged on borrowing $325 for 5 years at 3% p.a. (per annum or per year) interest.

A. 59

B. 46

C. 48.75

D. 34.75

Question 106

Find the simple interest on Rs. 50 for 6 months at the rate of 10 paise per rupee per month.

A. Rs.35

B. Rs.40

C. Rs.25

D. Rs.30

Question 107

Find the simple interest on Rs.600 for 11 months at 5 paisa per month ?

A. Rs. 30

B. Rs. 3.30

C. Rs. 33

D. Rs. 330

Question 108

Find the total Simple Interest on Rs. 500 at 7% per annum, on Rs. 700 at 10% per annum and on Rs. 1000 at 4% per annum for 3 years.

A. 435

B. 500

C. 700

D. 1000

Question 109

Find: S.l on Rs 68000 at 1623 1 % per annum for 9 months

A. 6500

B. 7500

C. 8500

D. 9500

Question 110

Find: S.l. on Rs 3000 at 18% per annum for the period from 4th

A. 118

B. 105

C. 108

D. 110

Question 111

Find: S.l. on Rs 6250 at 14% per annum for 146 days.

A. Rs.350

B. Rs.450

C. Rs.550

D. Rs.650

Question 112

For an amount, simple interest at the rate of interest of 12% per annum for 6 years is Rs 25920. What will be the compound interest (in Rs) on same amount at the rate of interest of 8% per annum compounding annually for 2 years?

A. 4326.3

B. 5563.4

C. 5888.6

D. 5990.4

Question 113

For what sum will the simple interest at R% for 2 years will be R?

A. 100/2R

B. 50/R

C. 100/R

D. 200/R

Question 114

Ganesh invested an amount of Rs x in a fixed deposit scheme offering 5% per annum for 1st year and 15% per annum for 2nd year and received an amount of Rs 9660 after two years. What is the value of x (in Rs)?

A. 9000

B. 8000

C. 8500

D. 8200

Question 115

Gopal borrowed some money at 12% simple interest. If he had to pay back Rs. 1280 after 5 years, in order to clear off the loan. How much did he borrow?

A. Rs. 800

B. Rs. 620

C. Rs. 560

D. Rs. 480

Question 116

How long will it take $3000 to earn $60 interest at 6%?

A. 2months

B. 3months

C. 4months

D. 5months

Question 117

How long will it take for a sum of money to grow from Rs.1250 to Rs.10,000, if it is invested at 12.5% p.a simple interest?

A. 65years

B. 56years

C. 45years

D. 57years

Question 118

How much simple interest will Rs. 4000 earn in 18 months at 12% per annum?

A. Rs.216

B. Rs.360

C. Rs.720

D. Rs.960

Question 119

How much time will take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest ?

A. 4 years

B. 2.5 years

C. 3.5 years

D. 2 years

Question 120

A sum fetched a total simple interest of Rs 5320 at the rate of 7% per year in 5 years. What is the sum?

A. Rs 18240

B. Rs 12160

C. Rs 15200

D. Rs 9120

Question 121

A sum fetched a total simple interest of Rs. 7056 at the rate of 8 percent per year in 7 years. What is the sum?

A. Rs 12600

B. Rs 15120

C. Rs 10080

D. Rs 7560

Question 122

A sum fetched a total simple interest of Rs. 7728 at the rate of 7% per year in 8 years. What is the sum?

A. Rs 13800

B. Rs 16560

C. Rs 11040

D. Rs 8280

Question 123

A sum fetched a total simple interest of Rs. 8100 at the rate of 6% per year in 9 years. What is the sum?

A. Rs 15000

B. Rs 18000

C. Rs 12000

D. Rs 9000

Question 124

A sum fetched a total simple interest of Rs. 9648 at the rate of 12% per year in 6 years. What is the sum?

A. Rs 16080

B. Rs 10720

C. Rs 8040

D. Rs 13400

Question 125

A sum fetched a total simple interest of Rs.5,400 at the rate of 12.5 %/yr in 4 years. What is the sum (in Rs)?

A. 11800

B. 12800

C. 9800

D. 10800

Question 126

A sum of 2,000, invested at the rate of 8.5% simple interest per annum for 6years will yield an interest of

A. Rs. 935

B. Rs. 1020

C. Rs. 510

D. Rs. 1275

Question 127

A sum of money (P) doubles in 10 years. How much would it be in 20 years at the same rate of simple interest?

A. P

B. 2P

C. 3P

D. 4P

Question 128

A sum of money at simple interest amounts to Rs. 415 in 2 years and to Rs. 514 in 4 years. The sum is ?

A. Rs. 316

B. Rs. 251

C. Rs. 154

D. Rs. 294

Question 129

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. 650

B. 690

C. 698

D. 700

Question 130

A sum of money becomes 7/6 of itself in 3 years at a certain rate of simple interest. The rate per annum is ?

A. 45/7 %

B. 50/9 %

C. 51/7 %

D. 47/ 9 %

Question 131

A sum of money becomes 77/50 of itself in 18/5 years when invested at simple interest. What is the rate (in percentage) of interest per annum?

A. 20

B. 18

C. 12

D. 15

Question 132

A sum of money invested at simpleinterest triples itself in 8 years. How many times will it become in 20 years time?

A. 8 times

B. 7 times

C. 6 times

D. 9 times

Question 133

A sum of money invested for 2 yrs and 9 months at the rate of 8% simple interest per annum became Rs.732 at the end of the period. What was the sum that was initially invested?

A. Rs. 575

B. Rs. 500

C. Rs. 600

D. Rs. 550

Question 134

A sum of money invested for a certain number of years at 8% p.a. simple interest grows to Rs.180. The same sum of money invested for the same number of years at 4% p.a. simple interest grows to Rs.120 only. For how many years was the sum invested?

A. 25years

B. 15years

C. 20years

D. 22years

Question 135

A sum of money of Rs. 1000 is lent out in two parts in such a way that the interest on one part at 10% per annum for 5 years is equal to another at 5% for 10 years. Calculate the sum lent out at 5%.

A. Rs. 500

B. Rs. 800

C. Rs. 1000

D. Rs. 1200

Question 136

A sum of money triples itself in 8 years simple interest. Find the rate of percent per annum?

A. 30%

B. 25%

C. 22%

D. 18%

Question 137

A sum of money was invested at the rate of 7.5% S.I. per annum for 4 years. If the investment was for 5 years, the interest earned would have been Rs. 375 more. What was the initial sum invested?

A. Rs. 4750

B. Rs. 5000

C. Rs. 4500

D. Rs. 3750

Question 138

A sum of money, invested at 7.5% simple interest p.a. became Rs. 689 on maturity after 4 years.What was the original sum invested?

A. ₹ 560

B. ₹ 520

C. ₹ 530

D. ₹ 540

Question 139

A sum of Rs 1200 amounts to Rs 1740 in 3 years at simple interest. If rate of interest is increased by 3%, then what will be the new amount (in Rs)?

A. 1848

B. 1946

C. 1812

D. 1924

Question 140

A sum of Rs 15200 is divided into two parts. The simple interest on first part at the rate of 25% per annum is equal to the simple interest on second part at the rate of 13% per annum. What is the interest (in Rs) of each part?

A. 2500

B. 1300

C. 3250

D. 1625

Question 141

A sum of Rs 2000 becomes Rs 3645 in 2 years at a certain rate of compound interest. What will be the sum (in Rs) after 4 years?

A. 5942.125

B. 6643.0125

C. 7243.0125

D. 7498.125

Question 142

A sum of Rs 400 becomes Rs 448 at simple interest in 2 years. In how many years will the sum of Rs 550 amounts to Rs 682 at the same rate?

A. 2

B. 3

C. 3.5

D. 4

Question 143

A sum of Rs 7500 is divided into two parts. The simple interest on first part at the rate of 12% per annum is equal to the simple interest on second part at the rate of 18%. What is the interest (in Rs) on each part for one year?

A. 600

B. 360

C. 480

D. 540

Question 144

A sum of Rs 8000 is divided into two parts. The simple interest on first part at the rate of 21% per annum is equal to the simple interest on second part at the rate of 35% per annum. What is the interest (in Rs) of each part?

A. 1050

B. 840

C. 1400

D. 1220

Question 145

A sum of Rs. 10,000 is lent partly at 6% 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. 8000

B. Rs. 8500

C. Rs. 5000

D. Rs. 2000

Question 146

A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest

A. 3%

B. 4%

C. 5%

D. 6%

Question 147

A sum of Rs. 2600 is invested at two different rates of interest. The difference between the simple interests got after 4 years is Rs 402.80 at these two rates, what is the difference between the rates of interest?

A. 1.58

B. 2.63

C. 3.87

D. 4.02

Question 148

If a certain sum of money become thrice of itself in 5 years 4 months at simple interest, then what will be the yearly rate of interest (in %)?

A. 18.75

B. 27.5

C. 37.5

D. 42.25

Question 149

If a certain sum of money doubles itself in 7 years 8 months at simple interest, then what will be the yearly rate of interest (in %)?

A. 18 3/4

B. 13 1/23

C. 26 2/23

D. 30

Question 150

If a person repaid Rs. 22500 after 10 years of borrowing a loan, at 10% per annum simple interest find out what amount did he take as a loan?

A. 11225

B. 11250

C. 10000

D. 7500

Question 151

If a sum of money doubles itself in 8 yrs, then the interest rate in percentage is ?

A. 8 1⁄2%

B. 10%

C. 10 1⁄2 %

D. 12 1⁄2 %

Question 152

If in 2 years at simple interest the principal increases by 18%, what will be the compound interest (in Rs) earned on Rs 7000 in 3 years at the same rate?

A. 1865.2

B. 2065.2

C. 1965.2

D. 1765.2

Question 153

If in 3 years at simple interest the principal increases by 15%. What will be the approximate compound interest earned (in Rs lakhs) on Rs 15 lakhs in 3 years at the same rate?

A. 7.81

B. 2.87

C. 2.36

D. 3.38

Question 154

If in 3 years at simple interest the principal increases by 18%, what will be the compound interest (in Rs) earned on Rs. 25,000 in 3 years at the same rate?

A. 4775.4

B. 5774.4

C. 4557.4

D. 5575.4

Question 155

If J is the interest on K and K is the interest on L, the rate and time is the same on both the cases. What is the relation between J, K and L ?

A. J x J = KL

B. K x K= JL

C. L x L = JK

D. JKL = 1

Question 156

If rupee two produces rupees eleven over a period of 30 years, find the rate of simple interest ?

A. 17.25 %

B. 18.14 %

C. 18.33 %

D. 17.35 %

Question 157

If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 22472, and Rs 23820.32 respectively, what is the rate of interest?

A. 3 percent

B. 6 percent

C. 12 percent

D. 10 percent

Question 158

If the C.I. on a sum for 2 years at 12 1/2 % per annum is Rs. 510, the S.I. on the same sum at the same rate for the same period of time is ?

A. Rs. 580

B. Rs. 480

C. Rs. 550

D. Rs. 470

Question 159

If the rate increases by 2%, the simple interest received on a sum of money increases by Rs. 108. If the time period is increased by 2 years, the simple interest on the same sum increases by Rs.180. The sum is ?

A. Rs. 540

B. Rs. 415

C. Rs. 404

D. Data is not sufficient

Question 160

If the time increases by 5 years, then simple interest increases by Rs 3000 on a sum of Rs 5000. What is the rate (in percentage) of interest per annum?

A. 15

B. 12

C. 10

D. 6

Question 161

If the time increases by 7 years, then simple interest increases by Rs 8400 on a sum of Rs 6000. What is the rate (in percentage) of interest per annum?

A. 18

B. 12

C. 20

D. 24

Question 162

If there is a total of 104 weekly instalments and a third deposit, find the interest rate

A. 2.82

B. 3.82

C. 4.82

D. 5.82

Question 163

If there is a total of 104 weekly instalments and a third deposit, find: the total cost of the computer

A. 3932.55

B. 4932

C. 5932

D. 6932

Question 164

If there is a total of 104 weekly instalments and a thirddeposit, find the interest charged

A. 237.55

B. 337

C. 443

D. 334

Question 165

In 2 years at simple interest the principal increases by 8%. What will be the compound interest earned (in Rs) on Rs 10 lakhs in 2 years at the same rate?

A. 86000

B. 81600

C. 90000

D. 94000

Question 166

In how many years will a sum of Rs.800 at 10% per annum compounded semi annually become Rs.926.10

A. 1.5

B. 2.5

C. 3.5

D. 4.5

Question 167

In how many years, Rs. 200 will produce the same interest @ 5 % as Rs. 900 produce in 2 years @ 3 ½ % ?

A. 5.2 yrs

B. 7 yrs

C. 7.9 yrs

D. 6.3 yrs

Question 168

In simple interest rate per annum a certain sum amounts to Rs. 5,182 in 2 years and Rs. 5,832 in 3 years. The principal in rupees is

A. Rs. 2882

B. Rs. 5000

C. Rs. 3882

D. Rs. 4000

Question 169

In what time will Rs. 1860 amount to Rs. 2641.20 at simple interest 12% per annum?

A. 2.9 years

B. 3.5 years

C. 4.2 years

D. 4.7 years

Question 170

Jaclyn buys $50 000 worth of debentures in a company. She earns 9.5% p.a. simple interest, paid to her quarterly (that is, every 3 months). If the agreed period of the debenture was 18 months: calculate the amount of interest Jaclyn will earn for each quarter

A. 1187.5

B. 1234

C. 1289

D. 1345

Question 171

Jaclyn buys $50 000 worth of debentures in a company. She earns 9.5% p.a. simple interest, paid to her quarterly (that is, every 3 months). If the agreed period of the debenture was 18 months: calculate the total amount collected at the end of the term.

A. 8125

B. 9125

C. 7125

D. 6125

Question 172

Jan invested $210 with a building society in a fixed deposit account that paid 8% p.a. simple interest for 18 months. How much did she receive after the 18 months?

A. 434

B. 345

C. 235.2

D. 233.2

Question 173

Jason decides to borrow money for a holiday. If a personal loan is taken over 4 years with equal quarterly repayments at 12% p.a. flat rate (simple interest), calculate the effective rate of interest.

A. 22588

B. 32.588

C. 42.588

D. 43.588

Question 174

Manju borrows Rs.5000 for 2 years at 4% p.a. simple interest from Sudha. She immediately lends it to another person at 6 1⁄4% p.a for 2 years. Find her gain in the transaction per year.

A. Rs. 101

B. Rs. 98.5

C. Rs. 124.3

D. Rs. 112.5

Question 175

Manu invested an amount of Rs. 14800 at the rate of 7% per annum. After how many years will she obtain a simple interest of Rs.15800?

A. 16.75 yrs

B. 15.25 yrs

C. 14 yrs

D. 13.5 yrs

Question 176

Ms. Alina borrowed Rs.650 at 6% per annum simple interest. What amount will she pay to clear her debt after 4 years?

A. Rs. 165

B. Rs. 860

C. Rs. 806

D. Rs. 156

Question 177

Ms. Kavitha borrowed Rs. 950 at 6% per annum simple interest. What amount will she pay to clear her debt after 4 years?

A. 282

B. 1187

C. 1178

D. 228

Question 178

Ms. Sushmitha borrowed Rs. 900 at 6% per annum simple interest. What amount will she pay to clear her debt after 4 years?

A. 261

B. 1161

C. 1116

D. 216

Question 179

On a certain principal if the Simple interest for two years is Rs 3000 and Compound interest for the two years is Rs 3225, what is the rate of Interest?

A. 7.5 percent

B. 30 percent

C. 15 percent

D. 22.5 percent

Question 180

On a certain Principal if the Simple interest for two years is Rs 4800 and Compound interest for the two years is Rs 5088, what is the rate of Interest?

A. 6 percent

B. 24 percent

C. 12 percent

D. 18 percent

Question 181

On retirement, a woman gets Rs. 1,45,440 of her provident fund which she invests in a scheme at 20% per annum. Her monthly income from this scheme will be

A. Rs. 2550

B. Rs. 2424

C. Rs. 2224

D. Rs. 2380

Question 182

On Rs. 3500 invested at a simple interest rate of 7 per cent per annum, Rs. 500 is obtained as interest in certain years. In order to earn Rs. 800 as interest on Rs. 4900 in the same number of years, what should be the rate of simple interest?

A. 8%

B. 7.5%

C. 9%

D. 8.5%

Question 183

On simple interest an amount becomes Rs. 812 in two years and Rs. 924 in four years. What is the rate of interest on that amount?

A. 7.2%

B. 8%

C. 8.5%

D. 9.3%

Question 184

Praveena 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. 6

B. 7

C. 9

D. 11

Question 185

R borrowed Rs. 1,200 at 13% per annum simple interest. What amount will R pay to clear the debt after 5 years?

A. Rs.1,860

B. Rs.1,800

C. Rs.1,980

D. Rs.2,000

Question 186

Raghu has invested Rs. 1000 and received Rs. 1300 at 6% per annum simple interest after X years. Find thevalue of X.

A. 4 years

B. 3 years

C. 2 years

D. 5 years

Question 187

Rahi deposited Rs. 600 in a bank that promised 8% simple interest per annum. If Rahi kept the money with the bank for 5 years, she will earn an interest of

A. Rs. 240

B. Rs. 200

C. Rs. 280

D. Rs. 480

Question 188

Ram lent Rs. 6,000/- to Shiva for 3 years and Rs. 8,000/- to Krishna for 5 years at the same rate of simple interest per annum. He got a total interest of Rs. 5,220 from both. Find the rate of interest per annum.

A. 6%

B. 7%

C. 8%

D. 9%

Question 189

Ravi invested Rs.P in a scheme A offering simple interest at 10% p.a. for two years. He invested the whole amount he received from scheme A, in another scheme (B) offering simple interest at 12% p.a. for five years. If the difference between the interests earned from schemes A and B was Rs. 13,00/, what is the value of P ?

A. 2500

B. 2000

C. 3000

D. 3500

Question 190

Rohan borrowed a certain sum of money at simple interest. Rate of interest was 3% per annum for first 3 years, 4% per annum for next 5 years and 6% per annum for next 7 years. If he paid Rs 2059 as interest, then what is the sum borrowed (in Rs)?

A. 2400

B. 2500

C. 2900

D. 3100

Question 191

Rondell's parents borrow $6,300 from the bank for a new car. The interest rate is 6% per year. How much simple interest will they pay if they take 2 years to repay the loan?

A. 556

B. 665

C. 756

D. 856

Question 192

Ronika deposited Rs.7000 which amounted to Rs.9200 after 3 years at simple interest. Had the interest been 2% more. She would get how much ?

A. 9850

B. 9500

C. 9620

D. 9760

Question 193

Rs. 750 invested for 3 months gave an interest of Rs. 18. What was the simple rate of interest per annum?

A. 9.6%

B. 2.4%

C. 7.2%

D. 12%

Question 194

Rs. x invested at 8% simple interest per annum for 5 years yields the same interest as that on Rs. y invested at 7.5% simple interest per annum for 6years. Find x : y.

A. 40:45

B. 5:6

C. 16:15

D. 9:8

Question 195

Rs. x invested at 9% simple interest per annum for 5 years yields the same interest as that on Rs.y invested at 7.5% simple interest per annum for 4 years. Find x:y?

A. 45:30

B. 2:3

C. 16:15

D. 8:9

Question 196

Rs.1500 is divided into two parts such that if one part is invested at 6% and the other at 5% the whole annual interest from both the sum is Rs.85. How much was lent at 5% ?

A. Rs. 500

B. Rs. 245

C. Rs. 1250

D. Rs. 635

Question 197

Saathi deposited Rs. 825 in a bank that promised 8% simple interest per annum. If Saathi kept the money with the bank for 5 years, she will earn an interest of

A. Rs. 480

B. Rs. 280

C. Rs. 330

D. Rs. 290

Question 198

Sarathi deposited Rs.3,125 in a bank which promised 8% simple interest per annum. If Sarathi kept the money with the bank for 5 years, he will earn an interest of:

A. ₹ 1,280

B. ₹ 1,290

C. ₹ 1,250

D. ₹ 1,240

Question 199

Dalajit lent Rs 10800 to Jaabir for 3 years and Rs 7500 to Kabir for 2 years on simple interest at the same rate of interest and received Rs 1422 in all from both of them as interest. The rate of interest per annum is

A. 3.5 percent

B. 4 percent

C. 3 percent

D. 4.5 percent

Question 200

Deepanshu lent Rs. 8400 to Jaipal for 15 years and Rs. 5100 to Kareem for 14 years on simple interest at the same rate of interest and received Rs. 17766 in all from both of them as interest. The rate of interest per annum is

A. 9.5 percent

B. 10 percent

C. 10.5 percent

D. 9 percent

Question 201

Deepinder lent Rs 8200 to Jairaj for 16 years and Rs 4900 to Karna for 15 years on simple interest at the same rate of interest and received Rs 19446.5 in all from both of them as interest. The rate of interest per annum is:

A. 10 percent

B. 10.5 percent

C. 9.5 percent

D. 11 percent

Question 202

Deksha borrowed Rs. 500 at 5% per annum S.I. What amount (in Rs.) will she pay to clear her debt after 4 years?

A. 150

B. 650

C. 600

D. 100

Question 203

Derrick's dad bought new tires for $900 using a credit card. His card has an interest rate of 19%. If he has no other charges on his card and does not pay off his balance at the end of the month, how much money will he owe after one month?

A. 11.25

B. 13.25

C. 14.25

D. 15.25

Question 204

Determine the exact and ordinary simple interest on a 90-day loan of $8000 at 812 %

A. 150$

B. $160

C. $170

D. $180

Question 205

Dev lent Rs. 8000 to Jairam for 17 years and Rs. 4700 to Karnik for 16 years on simple interest at the same rate of interest and received Rs. 21120 in all from both of them as interest. The rate of interest per annum is:

A. 10.5 percent

B. 10 percent

C. 11 percent

D. 11.5 percent

Question 206

Simple interest on a certain sum is 16/25 of the sum. Find the rate percent and time, If both are numerically equal.

A. Rate = 7% and Time = 7 years.

B. Rate = 8% and Time = 8 years.

C. Rate = 6% and Time = 6 years.

D. Rate = 5% and Time = 5 years.

Question 207

Simple interest on a certain sum of money for 3 years at 10% per annum is half the compound interest on Rs 6000 for 2 years at 10% per annum. The sum placed on simple interest is

A. Rs 4200

B. Rs 2100

C. Rs 1680

D. Rs 1050

Question 208

Simple interest on a certain sum of money for 3 years at 14% per annum is half the compound interest on Rs. 10000 for 2 years at 10% per annum. The sum placed on simple interest is

A. Rs 5000

B. Rs 1250

C. Rs 2000

D. Rs 2500

Question 209

Simple interest on a certain sum of money for 3 years at 16% per annum is half the compound interest on Rs. 12000 for 2 years at 10% per annum. The sum placed on simple interest is

A. Rs 5250

B. Rs 1325

C. Rs 2100

D. Rs 2625

Question 210

Simple interest on a certain sum of money for 3 years at 18% per annum is half the compound interest on Rs. 9000 for 2 years at 10% per annum. The sum placed on simple interest is:

A. Rs 3500

B. Rs 875

C. Rs 1750

D. Rs 1400

Question 211

Simple interest on a certain sum of money for 3 years at 5% per annum is Rs. 5250. What will be the compound interest on that sum at the same rate for the same period?

A. Rs. 5510.88

B. Rs. 5516.88

C. Rs. 5512.88

D. Rs. 5517.88

Question 212

Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs 1200 for 2 years at 10% per annum. The sum placed on simple interest is

A. Rs 525

B. Rs 1050

C. Rs 260

D. Rs 420

Question 213

Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 16000 for 2 years at 10% per annum. The sum placed on simple interest is:

A. Rs 14000

B. Rs 3500

C. Rs 7000

D. Rs 5600

Question 214

Simple interest on a sum for 12 months at the rate of 25% per annum is Rs 935.What is the value (in Rs) of sum?

A. 3740

B. 3200

C. 4410

D. 4720

Question 215

Simple interest on a sum for 18 months at 14% per annum is Rs 1365.What is the value (in Rs) of sum?

A. 6100

B. 7300

C. 8100

D. 6500

Question 216

Simple interest on a sum for 5 years is equal to 20% of the principal. In how many years interest will be equal to the principal?

A. 20

B. 25

C. 15

D. 16

Question 217

Simple interest on a sum for eight months at 6% per annum is Rs 340.What is the value (in Rs) of sum?

A. 8500

B. 9500

C. 8000

D. 6800

Question 218

Simple interest on a sum for six months at 5% per annum is Rs 65.5.What is the value (in Rs) of sum ?

A. 2600

B. 2620

C. 1320

D. 2880

Question 219

Simple interest on a sum of Rs 1400 for 3 years and 4 months is Rs 700. What is the rate (in percentage) of interest per annum?

A. 17

B. 15

C. 18

D. 12

Question 220

Simple interest on a sum of Rs 67400 for 14 months is Rs 4718. What is the rate (in percentage) of interest per annum?

A. 5.5

B. 6

C. 8

D. 7

Question 221

Simple interest on a sum of Rs 6800 for 18 months is Rs 2244. What is the rate (in percentage) of interest per annum?

A. 24

B. 18

C. 20

D. 22

Question 222

Simple Interest received by a person in 10 years on a principal of Rs 9500 is 130% of the principal. What is the rate of interest (in %) per annum?

A. 12

B. 13

C. 15

D. 19

Question 223

Srinivasan invests two equal amounts in two banks giving 8% and 12% rate of interest respectively. At the end of year the interest earned is Rs. 1500. Find the sum invested in each.

A. Rs. 5800

B. Rs. 15000

C. Rs. 7500

D. Rs. 17,000

Question 224

The amount of simple interest accrued on an amount of Rs 28,500 in seven years is Rs 23,940 What is the rate of interest p.c.p.a ?

A. 10.5

B. 12.5

C. 11

D. 12

Question 225

The difference between compound interest and simple interest on a sum for 2 year at 20% per annum is Rs 200. If the interest is compounded half yearly, then what is the difference (in Rs) between compound and simple interest for 1st year?

A. 50

B. 75

C. 100

D. 150

Question 226

The difference between compound interest and simple interest on Rs. 5000 for 2 years at 8% per annum payable yearly is

A. Rs.30

B. Rs.31

C. Rs.33

D. Rs.32

Question 227

The difference between compound interest compoundedevery 6 months and simple interest after 2 years is 248.10.The rate of interest is 10 percent. Find the sum

A. 12000

B. 14000

C. 16000

D. 18000

Question 228

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 12% per annum is Rs 72. What is the value of given sum (in Rs)?

A. 10000

B. 20000

C. 5000

D. 15000

Question 229

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 16% per annum is Rs 320. What is the value of given sum (in Rs)?

A. 25000

B. 50000

C. 37500

D. 12500

Question 230

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Rs 8. The sum is ______.

A. Rs 10000

B. Rs 20000

C. Rs 5000

D. Rs 15000

Question 231

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 9% per annum is Rs 405. The sum is ______ .

A. Rs 50000

B. Rs 100000

C. Rs 200000

D. Rs 150000

Question 232

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Rs. 1. The sum (in Rs.) is:

A. 620

B. 630

C. 640

D. 625

Question 233

The difference between Simple Interest and Compound Interest at the rate of 12% on the same amount for 3 years is Rs. 112.32. What is the principal amount if interest is compounded annually?

A. Rs. 25000

B. Rs. 2500

C. Rs. 50000

D. Rs. 5000

Question 234

The difference between the compound interest compounding half yearly for 1 year and the simple interest for 1 year on a certain sum of money lent out at 8% per annum is Rs 64. What is the sum (in Rs)?

A. 40000

B. 42000

C. 44000

D. 44800

Question 235

The difference between the interests earned when Rs. P is invested for four years in a scheme offering 9% p.a. Simple interest and when the same sum (Rs P) is invested for two years in another scheme offering 12% p.a. simple interest, is Rs 480. What is the value of P?

A. 2000

B. 3500

C. 2500

D. 4000

Question 236

The difference between the simple interest obtained by investing Rs. 'X' with 8% per annum for an year and by investing Rs. 'X+1400' with 8% per annum for two years is 240 Rs. Find the value of X.

A. 200

B. 100

C. 400

D. 300

Question 237

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%

Question 238

The difference of compound interest and simple interest for 3 years and for 2 years are in ratio 23 : 7 respectively. What is rate of interest per annum (in %)?

A. 200/7

B. 100/7

C. 300/7

D. 400/7

Question 239

The effective annual rate of interest corresponding to a nominal rate of 15% per annum payable half-yearly is

A. 15.56 percent

B. 30 percent

C. 31.13 percent

D. 15 percent

Question 240

The effective annual rate of interest corresponding to a nominal rate of 19% per annum payable halfyearly is:

A. 38 percent

B. 19.9 percent

C. 39.81 percent

D. 19 percent

Question 241

The effective annual rate of interest corresponding to a nominal rate of 7% per annum payable halfyearly is

A. 14 percent

B. 14.25 percent

C. 7 percent

D. 7.12 percent

Question 242

The interest earned on Rs. 1600 at the rate of 5% S>I per annum for 6 yrs would be:

A. 2080

B. 450

C. 496

D. 480

Question 243

The interest earned on Rs. 2250 at the rate of 3% simple interest per annum for 2 years will be

A. Rs. 67.50

B. Rs. 135

C. Rs. 202.50

D. Rs. 225

Question 244

The interest earned on Rs. 3675 at the rate of 4% simple interest per annum for 2 years will be

A. Rs. 294

B. Rs. 289.50

C. Rs. 292

D. Rs. 288.50

Question 245

The interest on a certain deposit at 4.5% p.a. is Rs. 202.50 in one year. How much will the additional interest in one year be on the same deposit at 5% p.a. ?

A. Rs. 22.5

B. Rs. 2.5

C. Rs. 202

D. Rs. 25

Question 246

The interest on Rs. 1250 for 6 years at the rate of 4% simple interest per annum will be

A. Rs. 360

B. Rs. 350

C. Rs. 375

D. Rs. 300

Question 247

The maturity value after three years, of a certain sum at 15%p.a simple interest is Rs.8,700/-. Find the principal amount.

A. Rs.5,000

B. Rs.6,000

C. Rs.5,500

D. Rs.6,500

Question 248

The present of Rs.169 due in 2years at 4% per annum compound interest is

A. Rs.150.50

B. Rs.154.75

C. Rs.156.25

D. Rs.158

Question 249

The rate of simple interest per annum at which a sum of money double itself in 16 2/3 yrs is

A. 4%

B. 5%

C. 6%

D. 6.5%

Question 250

The rate of simple interest per annum at which a sum of money double itself in 162⁄3 yrs. is

A. 4%

B. 5%

C. 6%

D. 6 2/3%

Question 251

The simple and compound interest that can be earned in two years at the same rate is Rs 1,000 and Rs 1,040 respectively. What is the rate (percent per annum) of interest?

A. 9

B. 10

C. 8

D. 11

Question 252

The simple and compound interest that can be earned in two years at the same rate is Rs 1500 and Rs 1575 respectively. What is the rate (% per annum) of interest?

A. 8

B. 10

C. 12

D. 5

Question 253

The simple and compound interest that can be earned in two years at the same rate is Rs 4000 and Rs 4180 respectively. What is the rate (percent per annum) of interest?

A. 18

B. 4.5

C. 9

D. 12

Question 254

The simple interest accrued on a sum of money at the end of four years is 1/5th of its principal. What is the rate of interest per annum?

A. 4%

B. 5%

C. 6%

D. Inadequate data

Question 255

The simple interest on a certain sum at 12% per annum for 3 years is Rs. 4140. What is the compound interest on the same sum at 8% for two years?

A. Rs. 1913.60

B. Rs. 1886.50

C. Rs. 1840

D. Rs. 2012.40

Question 256

The simple interest on a certain sum for 3 years at 8% p.a.. is Rs.90 more than simple interest at 9% p.a. for 2 years on the same sum. The sum is (in rupees).

A. Rs.1900

B. Rs.1850

C. Rs.2250

D. Rs.1500

Question 257

The simple interest on a certain sum of money at the rate of 5% per annum for 8 years is Rs. 840 . Rate of interest for which the same amount of interest can be received on the same sum after 5 years is

A. 7%

B. 8%

C. 9%

D. 10%

Question 258

The simple interest on a certain sum of money invested at a certain rate for 2 years amounts to Rs. 1200. The compound interest on the same sum of money invested at the same rate of interest for 2 years amounts to Rs. 1290. What was the principal?

A. Rs. 12000

B. Rs. 16000

C. Rs. 6000

D. Rs. 4000

Question 259

The simple interest on a sum for 5 years is Rs 16800. The rate of interest for the first 3 years is 8% per annum and for the next 2 years is 12% per annum. What is the value (in Rs) of sum?

A. 30000

B. 38000

C. 32000

D. 35000

Question 260

The simple interest on a sum of money for 10 years is Rs 3130. If the principal becomes 5 times after 5 years, then what will be the total interest (in Rs)obtained after 10 years?

A. 6260

B. 7825

C. 9390

D. 15650

Question 261

The simple interest on a sum of money is 16/25 of the principal. The number of years is equal to the rate of interest per annum. What is the rate (in percentage) of interest per annum?

A. 4

B. 16

C. 8

D. 12

Question 262

The simple interest on a sum of money will be Rs.600 after 10 years. If the principal is trebled after 5 years what will be the total interest at the end of the tenth year ?

A. Rs. 1100

B. Rs. 1200

C. Rs. 1000

D. Rs. 1840

Question 263

The simple interest on Rs. 2000 for 2 years at Rs. 75 per thousand per annum will be

A. Rs.150

B. Rs.300

C. Rs.600

D. Rs.400

Question 264

The simple interest on Rs. 25 for 4 months at the rate of 3 paise per rupee per month is :

A. 240 paise

B. Rs. 1.40

C. Rs. 2.20

D. Rs. 3

Question 265

The simple interest on Rs.10 for 4 months at the rate of 3 paise per month is

A. 0.3 Paise

B. 1.2 Paise

C. 30 Paise

D. 3 Paise

Question 266

The sum of money that will yield Rs. 60 as simple interest at 6% per annum in 5 years is

A. 200

B. 225

C. 175

D. 300

Question 267

The total simple interest earned on a sum of money increases by Rs. 600 when the rate of interest increases by 2% per annum. If the investment was made for 5 years, find the sum of money that was invested ?

A. Rs. 6000

B. Rs. 5550

C. Rs. 7500

D. Rs. 6580

Question 268

There is 40% increase in an amount in 10 years at simple interest. What will be the compound interest of Rs 25000 after 2 years at the same rate?

A. Rs 4080

B. Rs 5100

C. Rs 3060

D. Rs 2040

Question 269

There is 40% increase in an amount in 10 years at simple interest. What will be the compound interest of Rs. 30000 after 3 years at the same rate?

A. Rs 3745.92

B. Rs 7491.84

C. Rs 9364.8

D. Rs 5618.88

Question 270

There is 40% increase in an amount in 8 years at simple interest. What will be the compound interest of Rs. 10000 after 3 years at the same rate?

A. Rs 1576.25

B. Rs 6305

C. Rs 7881.25

D. Rs 4728.75

Question 271

Townbank offers a term deposit account paying investors 12.5% p.a. simple interest on investments over $100 000 for 2 years or more. Peta decides to invest $150 000 in this account for 2 years. How much interest will Peta earn at the end of the investment?

A. 57500

B. 47500

C. 37500

D. 67500

Question 272

Two equal sum are invested in two different schemes. One scheme gives simple interest and the other gives compound interest (annual compounding).The sum of interest obtained after 2 years from both the schemes is Rs 3717. If both scheme have 13% per annum interest rate, then what is the first year interest (in Rs) for simple interest scheme?

A. 900

B. 1200

C. 1500

D. 600

Question 273

Two equal sums were lent, one at the rate of 11% per annum for five years and the other at the rate of 8% per annum for six years, both under simple interest. If the difference in interest accrued in the two cases is Rs 1008. Find the sum?

A. Rs. 14,400

B. Rs. 15,600

C. Rs. 14,850

D. Rs. 15,220

Question 274

What annual instalment will discharge a debt of Rs 1092 due in 3 years at 12% simple interest?

A. Rs.325

B. Rs.545

C. Rs.560

D. Rs.550

Question 275

What is the difference (in Rs) in Compound interest earned in 1 year on a sum of Rs 10,000 at 40% per annum compounded quarterly and annually?

A. 461

B. 346

C. 463

D. 641

Question 276

What is the difference between the maturity value of two deposits of Rs.5,000 each invested for 2 years(i) at 5% simple interest and(ii) at the same interest and(ii) at the same interest compounded annually?

A. Rs.11.00

B. Rs.11.50

C. Rs.12.00

D. Rs.12.50

Question 277

What is the difference between the maturity values, if Rs.12,500 is invested for 2 years at 20% per annum simple interest and compound interest?

A. Rs.750

B. Rs.650

C. Rs.550

D. Rs.500

Question 278

What is the principal sum?I. The sum amounts to Rs. 690 in 3 years at S.I.II. The sum amounts to Rs. 750 in 5 years at S.I.III. The rate of interest is 5% p.a.

A. I and III only

B. II and III only

C. I and II only

D. Any two of the three

Question 279

What is the rate of interest (in %) if simple interest earned on a certain sum for the 3 years is Rs 6,000 and compound interest earned for 2 years is Rs 4,160?

A. 9

B. 8

C. 12

D. 6

Question 280

What is the rate of interest if simple interest earned on a certain sum for the 3rd year is Rs 1,750 and compound interest earned for 2 years is Rs 3622.5?

A. 8

B. 9

C. 10

D. 7

Question 281

What is the ratio of simple interest earned on certain amount at the rate of 12% for 6 years and that for 12 years?

A. 1:2

B. 2:3

C. 3:4

D. 4:5

Question 282

What is the ratio of simple interest earned on certain amount at the rate of 12% p.a. for 9 years and that for 12 years?

A. 1:2

B. 2:3

C. 3:4

D. 4:5

Question 283

What is the SI on Rs.7500/- at the rate of 10% per annum for 5 years?

A. 3750

B. 2750

C. 1750

D. 750

Question 284

What is the sum which earned interest?I. The total simple interest was Rs. 7000 after 7 years.II. The total of sum and simple interest was double of the sum after 5 years.

A. I alone sufficient while II alone not sufficient to answer

B. II alone sufficient while I alone not sufficient to answer

C. Either I or II alone sufficient to answer

D. Both I and II are necessary to answer

Question 285

What is the total earning after 2 years from Rs.18,750 on variable compound interest if the rate of interest for the first 4 year is 4% and for the second, it is 8%?

A. ₹ 1,740

B. ₹ 1,760

C. ₹ 1,670

D. ₹ 2,310

Question 286

What percentage of simple interest per annum did Anand pay to Deepak?I. Anand borrowed Rs. 8000 from Deepak for four years.II. Anand returned Rs. 8800 to Deepak at the end of two years and settled the loan

A. I alone sufficient while II alone not sufficient to answer

B. II alone sufficient while I alone not sufficient to answer

C. Either I or II alone sufficient to answer

D. Both I and II are necessary to answer

Question 287

What Principal will yield Rs. 120 as Simple Interest at 6% p.a. in 10 years?

A. ₹ 120

B. ₹ 180

C. ₹ 200

D. ₹ 210

Question 288

What sum will produce the same interest in 9 years at the rate 8% simple interest as Rs. 800 producein 3 years at 9/2% per annum?

A. Rs. 100

B. Rs. 125

C. Rs. 150

D. Rs. 110

Question 289

What sum will yield Rs. 491.68 as simple interest at 8% per annum for 1 year and 2 months?

A. Rs. 4906

B. Rs. 4364

C. Rs. 4758

D. Rs. 5268

Question 290

What will be the maturity value, if Rs. 13,500 is deposited at a simple rate of interest of 12.5% for two years?

A. Rs. 15,187.50

B. Rs. 16,875.00

C. Rs. 16,875.50

D. Rs. 16,785.00

Question 291

What will be the maturity value, if Rs. 13,500 is deposited at a simple rate of interest of 12.5% for two years?

A. Rs.15,187.50

B. Rs.16,875.00

C. Rs.16,875.50

D. Rs.16,785.00

Question 292

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 is inadequate

Question 293

What will be the ratio of simple interest earned by certain amount at the same rate of interestfor 4 years and 6 years ?

A. 1:2

B. 2:1

C. 2:3

D. 3:2

Question 294

When $720 is invested for 36 months it earns $205.20 simple interest. Find the yearly interest rate.

A. 7.5%

B. 8.5%

C. 9.5%

D. 10.5%

Question 295

You deposit $600 into a 6 month certificate of deposit. After 6 months the balance is $618. Find the simple annual interest rate

A. 6%

B. 5%

C. 7%

D. 8%

Question 296

You deposit $600 into a 6 month certificate of deposit. After 6 months the balance is $618. Find the simple annual interest rate.

A. 5%

B. 4%

C. 6%

D. 7%

Question 297

You put $750 into a certificate of deposit. Your simple annual interest rate is 4%. You receive a check for the interest at the end of each year. How long will it take to earn $150 in interest?

A. 5years

B. 6years

C. 7years

D. 8years

Question 298

Lasya invested certain amount for two rates of simple interests at 5% p.a. and 4% p.a. What is the ratio of Lasya's investments if the interests from those investments are equal ?

A. 4 : 5

B. 5 : 4

C. 7 : 6

D. 6 : 7

Question 299

loan of $15 000 is taken out. If the interest rate on the loan is 7%, how much interest is due and what is the amount repaid if the loan was taken out on April 7 and is due in seven months

A. 13615.52

B. 14615.52

C. 15615.52

D. 16615.52

Question 300

M borrowed some money for 1 year at certain simple interest. But the interest rate was increased to 2% which amounted to Rs.120. Find the principal amount.

A. Rs.4000

B. Rs.5000

C. Rs.6000

D. Rs.7000