1. A sum of money becomes 41/40 of itself in 1/4 years at a certain rate of simple interest. The rate of interest per annum is ?

10%

1%

2.5%

5%

Answer: 10%

Explanation:


2. The sum of money that will yield Rs. 60 as simple interest at the rate of 6% per annum in 5 years is ?

200

225

175

300

Answer: 200

Explanation:


3. If a sum of money amounts to 12,900 and 14,250 at the end of 4th year and 5th year respectively at a certain rate of simple interest, then the rate of interest is ?

10%

12%

18%

20%

Answer: 18%

Explanation:


4. A sum of money amounts to 850 in 3 years and to 925 in 4 years at some rate of simple interest. The sum is ?

550

600

625

700

Answer: 625

Explanation:


5. In what time will 72 become 81 at 6 and 1/4 % per annum simple interest ?

2 years

3 years

2 years 6 months

None of these

Answer: 2 years

Explanation:


6. A lends 2500 to B and a certain sum to C at the same time at 7% annual simple interest. If after 4 years, A altogether receives 1120 as interest from B and C, the sum lent to C is ?

700

6500

4000

1500

Answer: 1500

Explanation:


7. A sum of Rs. 800 amounts to Rs. 920 in 3 years at the simple interest rate. If the rate is increased by 3% p.a., what will be the sum amount to in the same period ?

992

962

942

982

Answer: 992

Explanation:


8. A person lends 40% of his sum of money at 15% per annum, 50% of rest at 10% per annum and the rest at 18% per annum rate of interest. What would be the annual rate of interest, if the interest is calculated on the whole sum ?

13.4%

14.33%

14.4%

13.33%

Answer: 14.4%

Explanation:


9. The rate of simple interest for which Rs. 6,000 will amount to Rs. 6,900 in 3 years is ?

5%

7%

2%

4%

Answer: 5%

Explanation:


10. If a sum of money becomes Rs. 4000 in 2 years and Rs. 5500 in 4 years 6 months at the same rate of simple interest per annum, then the rate of simple interest is ?

21 and 3/7 %

21 and 2/7 %

21 and 1/7 %

21 and 5/7 %

Answer: 21 and 3/7 %

Explanation: