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6) Simple Interest

The document provides various problems and scenarios related to simple interest calculations, including formulas and examples. It covers topics such as calculating total interest, determining rates, and solving for principal amounts based on given interest and time. The document is structured as a series of questions with multiple-choice answers.

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tupakula
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9 views23 pages

6) Simple Interest

The document provides various problems and scenarios related to simple interest calculations, including formulas and examples. It covers topics such as calculating total interest, determining rates, and solving for principal amounts based on given interest and time. The document is structured as a series of questions with multiple-choice answers.

Uploaded by

tupakula
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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SIMPLE INTEREST

Total Interest ( % ) = Rate x Time

RATE TIME TOTAL SIMPLE INETERST


12% 3 years …..
9% ….. 36%
5% 5 years …..
….. 2½ years 35%
R% 2R 32%
P = Rs. 25000
Rate = 12%/@
Time = 3 years
Simple Interest = ?
a) 5000
b) 6000
c) 8000
d) 9000
What sum of money must be given as simple interest for six months at
4% per annum in order to earn 150 interest?
a) 5000
b) 6000
c) 7500
d) 10000
P = Rs. 25000
Rate = 12%/@
Time = ?
Simple Interest = 9000
a) 2 years
b) 3 years
c) 4 years
d) 5 years
In how many years will a sum of Rs. 450 produce an interest of Rs. 81
at the rate of 6%/@ simple interest?
a) 2
b) 3
c) 4
d) 5
A person borrows Rs. 27000 from bank and pays back Rs. 30240 at
the end of 2 years. Find the rate of interest.
a) 6%
b) 8%
c) 10%
d) 12%
The simple interest on a certain sum for 8 years is 14/25 of the sum.
Find the rate of interest.
a) 7%
b) 8%
c) 9%
d) 10%
At what rate of simple interest per annum will a sum become 7/4 of
itself in 4 years?
a) 10%
b) 12½%
c) 18¾%
d) 22½%
A sum of money becomes double of itself in 4 years at simple
interest. Find the rate of interest.
a) 10%
b) 18%
c) 25%
d) 30%
A sum of money becomes triple of itself in 12 years at simple interest.
Find the rate of interest.
a) 10%
b) 15%
c) 16⅔%
d) 20%
Two equal sums were borrowed at 8%/@ simple interest for 2 years
and 3 years 6 months respectively. The difference in the interest was
Rs. 72. Find the sums borrowed.
a) 500
b) 600
c) 750
d) 1000
Ram deposited a certain sum of money in a company at 12%/@
simple interest for 4 years and deposited equal amount in fixed
deposit in a bank for 5 years at 15%/@ simple interest. If the
difference in the interest from two sources is Rs. 1350, then find the
sum deposited in each scheme.
a) 5000
b) 6000
c) 7500
d) 10000
In what time will a sum become 4 times of itself at 15%/@ simple
interest?
a) 15
b) 20
c) 25
d) 30
The simple interest on a sum of money will become 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) 1000
b) 1200
c) 1500
d) 1800
The interest on a certain amount of money is Rs. 1500 in 12 years.
What is the simple interest if the principal amount is increased by
10% and 25%, respectively after every 4 years.
a) 1600
b) 1650
c) 1675
d) 1750
A sum of money was put at certain rate of simple interest for the
period of 4 years. Had it been put at 2% higher rate, it would have
fetched Rs. 280 more than before. Find the sum.
a) 2000
b) 3500
c) 4000
d) 5000
A sum of money was put at certain rate of simple interest for the
period of 6 years. Had it been put at 1.5% lower rate, it would have
fetched Rs. 144 less than before. Find the sum.
a) 400
b) 1000
c) 1600
d) 2000
What sum of money will amount to Rs 520 in five years and to Rs 568
in seven years at simple interest?
a) 400
b) 450
c) 480
d) 500
A sum of money lent out at simple interest amounts to 720 after 2
years and to 1020 after a further period of 5 years. Find the rate of
Interest.
a) 5%
b) 8%
c) 10%
d) 15%
A man invested a certain sum of money in three different schemes at
10%, 12% and 15% per annum for a period of 6 years, 10 years and
12 years, respectively. At the end of each scheme, he receives
same interest. Find the ratio of his investment in each scheme.
a) 1:2:3
b) 2:6:3
c) 6:3:2
d) 4:2:1
A sum of Rs. 52000 is lent out in three parts in such a way that the first
part at 5% for 6 years, second part at 4% for 5 years and the third
part at 10% for 4 years. If the simple interest received from each is
equal, then find the money lent in the first part.
a) 10,000
b) 12,000
c) 15,000
d) 16,000
A sum of Rs. 1440 is lent out in three part in such a way that the
interest on first part at 2% for 3 years, second part at 3% for 4 years
and third part at 4% for 5 years are equal. Then the difference
between the largest and smallest sum is:
a) 200
b) 400
c) 460
d) 560

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