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

5 and 5/9 %

6 and 5/9 %

18%

25%

Answer: 5 and 5/9 %

Explanation:


2. 12,000 is divided into two parts so that the simple interest on the first part for 3 years at 12% per annum may be equal to the simple interest on the second part for 4 and 1/2 years at 16% per annum. The ratio of the first part to the second part is ?

2 : 1

1 : 2

2 : 3

3 : 2

Answer: 2 : 1

Explanation:


3. If the ratio of principal and the simple interest for 5 years is 10 : 3, then the rate of interest is ?

5%

6%

8%

3%

Answer: 3%

Explanation:


4. A man loses 55.50 yearly when the annual rate of interest falls from 11.5% to 10%. His capital (in rupees) is ?

3700

7400

8325

11100

Answer: 3700

Explanation:


5. The effective annual rate of interest, corresponding to a nominal rate of 6% per annum payable half yearly, is ?

6.06%

6.07%

6.08%

6.09%

Answer: 6.09%

Explanation:


6. Nitin borrowed some money at the rate of 6% p.a. for the first three years, 9% p.a. for the next five years and 13% p.a. for the period beyond eight years. If the total interest paid by him at the end of eleven years is 8,160, the money borrowed by him (in) was ?

12,000

6,000

8,000

10,000

Answer: 8,000

Explanation:


7. A man buys a TV priced at Rs. 16000. He pays Rs. 4000 at once and the rest after 15 months on which he is charged a simple interest at the rate of 12% per year. The total amount he pays for the TV is ?

Rs. 18,200

Rs. 17,800

Rs. 16,800

Rs. 17,200

Answer: Rs. 17,800

Explanation:


8. A sum of money was lent at simple interest at a certain rate for 3 years. Had it been lent at 2.5% per annum higher rate, it would have fetched 540 more. The money lent was ?

6400

6472

6840

7200

Answer: 7200

Explanation:


9. 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 ?

Rs. 2900

Rs. 2200

Rs. 2400

Rs. 3100

Answer: Rs. 2400

Explanation:


10. A sum of 400 amounts to 480 in 4 years. What will it amount to if the rate of interest is increased by 2% ?

484

560

512

None of these

Answer: 512

Explanation: