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

2. 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

E. None of these

3. 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

E. None of these

4. 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

5. 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. Cannot be determined

E. None of these

6. 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%
 E. None of these

7. 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

8. 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%

1
C. 7 % D. 10%
8

9. 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. 3.6% B. 4.5%

C. 5% D. 6%

E. None of these

10. 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

11. 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%

12. 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

E. None of these

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

E. None of these

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. 150 D. Rs. 167.50

15. Sahil took a loan for 6 years at the rate of 5% per annum on Simple Interest, If the total

interest paid was Rs. 1230, the principal was

a,4100 b. 4200 c. 4300 d.4400

16. At 5% per annum simple interest, Rahul borrowed Rs. 500. What amount will he pay to clear

the debt after 4 years

a.750 b. 700 c.650 d.600

the rate percent

a.6 % b. 7 % c.8 % d.9 %

14. A man took a loan at rate of 12% per annum simple interest. After 3 years he had to pay 5400

interest. The principal amount borrowed by him was.

a.Rs 14000 b.Rs 15000 c. Rs 16000 d.Rs 17000

19.Sarah borrows R 5000 from her neighbour at an agreed simple interest rate of 12,5% p.a.
She will pay back the loan in one lump sum at the end of 2 years. How much will she have to
pay her neighbour? Rs 6250
20.At what simple interest rate should Fritha invest if she wants to grow R 2500 to R 4000 in
5 years? 12 %

17. Rs. 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.
A. Rs 1052 (Ans) Rs 1152 Rs 1252 Rs 1352