a) 3% b) 4% c) 5% d) 6% Answer: d Explanation: $$\eqalign{ & {\text{S}}{\text{.I}}{\text{.}} ...
View QuestionReena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?
a) 3.6 b) 6 c) 18 d) Cannot be determined Answer: b Explanation: $$\eqalign{ ...
View QuestionHow 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 year d) 5 years Answer: b Explanation: $$\eqalign{ ...
View QuestionA certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?
a) Rs. 35 b) Rs. 245 c) Rs. 350 d) Cannot be determined Answer: d Explanation: ...
View QuestionWhat will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years?
a) 1 : 3 b) 1 : 4 c) 2 : 3 d) Data inadequate Answer: c
View QuestionA sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is:
a) 5% b) 8% c) 12% d) 15% Answer: c Explanation: $$\eqalign{ & {\text{S}}{\text{.I}}{\text{. }}{\kern ...
View QuestionA 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 Answer: c Explanation: ...
View QuestionA 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) 4.5% c) 5% d) None of these Answer: d Explanation: ...
View QuestionA 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 Answer: d Explanation: $$\eqalign{ ...
View QuestionMr. 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 Answer: a Explanation: Let the ...
View Question