1. A sum of money at some rate of simple interest amounts to 2,900 in 8 years and to 3,000 in 10 years. The rate of interest per annum is ?

4%

2 and 1/2 %

3%

2%

Answer: 2%

Explanation:


2. The rate of simple interest per annum of bank being decreased from 5% to 3 and 1/2 %, the annual income of a person from interest was less by Rs. 105. The sum deposited at the bank was ?

Rs. 6,000

Rs. 7,200

Rs. 6,800

Rs. 7,000

Answer: Rs. 7,000

Explanation:


3. A part of 1500 was lent at 10% per annum and the rest at 7% per annum simple interest. The total interest earned in three years was 396. The sum lent at 10% was ?

900

800

700

600

Answer: 900

Explanation:


4. Two equal sums were lent out at 7% and 5% S.I. respectively. The interest earned on the two loans add up to 960 for 4 years. The total sum lent out in ?

3500

2500

2000

3000

Answer: 2000

Explanation:


5. 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 ?

Rs. 2000

Rs. 10,000

Rs. 15,000

Rs. 20,000

Answer: Rs. 15,000

Explanation:


6. The amount to be paid, when principal = Rs. 2000, rate of simple interest (R) = 5%, T = 2 years, is ?

Rs. 3,200

Rs. 2,400

Rs. 2,200

Rs. 3,400

Answer: Rs. 2,200

Explanation:


7. Ram bought a bike for Rs. 60,000. He paid Rs. 10000 cash down and the rest at the end of 2 years at 15% simple interest. How much more did he pay as simple interest ?

Rs. 15,000

Rs. 25,000

Rs. 35,000

Rs. 50,000

Answer: Rs. 15,000

Explanation:


8. A sum of Rs. 800 amounts to Rs. 920 in 3 years at simple interest. If the interest rate is increased by 3% at simple interest rate is increased by 3%, it would to how much ?

Rs. 780

Rs. 992

Rs. 848

Rs. 700

Answer: Rs. 780

Explanation:


9. An old article is available for 12,000 at cash payment or is available for 7,000 cash payment and a monthly instalment of 630 for 8 months. The rate percent per annum is ?

2.1 percent

3 percent

3.25 percent

3.3 percent

Answer: 2.1 percent

Explanation:


10. Alipta got some amount of money from her father. In how many years will the ratio of the money and the interest obtained from it be 10:3 at the rate of 6% simple interest per annum ?

7 years

3 years

5 years

4 years

Answer: 5 years

Explanation: