a) Rs. 3000 b) Rs. 4000 c) Rs. 6500 d) Rs. 5000 Answer: d Explanation: ...
View QuestionThe amount Rs. 2100 become Rs. 2352 in 2 years at simple interest. If the interest rate is decreased by 1% , what is the new interest ?
a) Rs. 210 b) Rs. 220 c) Rs. 242 d) Rs. 252 Answer: a Explanation: ...
View QuestionRahul borrowed a sum of Rs. 1150 from Amit at the simple interest rate of 6 p.c.p.a. for 3 Years. He then added some more money to the borrowed sum and lent it to Sachin for the same time at 9 p.c.p.a simple interest. If Rahul gains Rs. 274.95 by way of interest on borrowed sum as well as his own amount from the whole transaction, then what is the sum lent by him to Sachin ?
a) Rs. 1200 b) Rs. 1285 c) Rs. 1690 d) Rs. 1785 Answer: d Explanation: Let the ...
View QuestionA man invested Rs. 5000 at some rate of simple interest and Rs. 4000 at 1 percent higher rate of interest. If the interest in both the cases after 4 years is same, the rate of interest in the former case is
a) 4% p.a. b) 5% p.a. c) $$6\frac{1}{4}$$ % p.a. d) $$8\frac{1}{3}$$ % p.a. Answer: a Explanation: ...
View QuestionArvind deposited a sum of money with a bank on 1st january, 2012 at 8% simple interest per annum. He received an amount 3144 on 7th August, 2012. The money he deposited with the bank was = ?
Arvind deposited a sum of money with a bank on 1st january, 2012 at 8% simple interest ...
View QuestionThe principal which gives Rs 1 interest per day at a rate of 5% simple interest per annum is =
a) Rs. 5000 b) Rs. 35500 c) Rs. 7300 d) Rs. 3650 Answer: c Explanation: $$\eqalign{ ...
View QuestionA sum of Rs. 7930 is divided into 3 parts and given at loan at 5% simple interest to A, B and C for 2, 3 and 4 years respectively. If the amounts of all three are equal after their respective periods of loan, then the A received a loan of = ?
a) Rs. 2800 b) Rs. 3050 c) Rs. 2750 d) Rs. 2760 Answer: d Explanation: ...
View QuestionTwo equal sums of money are lent at the same time at 8% and 7% per annum simple interest. The former is recovered 6 months earlier than the latter and the amount in each case is Rs. 2560. The sum and the time for which the sums of money are lent out are.
a) Rs. 2000, 3.5 years and 4 years b) Rs. 1500, 3.5 years and 4 years c) Rs. 2000, 4 years ...
View QuestionMr. Dutta desired to deposit his retirement benefit of Rs. 3 lacs partly to a post office and partly to a bank at 10% and 6% simple interests respectively. If his monthly income was Rs. 2000, then the difference of his deposits in the post office and in the bank was =
a) Rs. 100000 b) Rs. 40000 c) Rs. 50000 d) Rs. Nil Answer: d Explanation: 10% ...
View QuestionIf the ratio of principal and the simple interest of 5 years is 10 : 3, then the rate of interest is =
a) 6% b) 8% c) 3% d) 5% Answer: a Explanation: $$\eqalign{ & \frac{{\text{P}}}{{{\text{S}}{\text{.I}}{\text{.}}}} = \frac{{10}}{3} ...
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