1. A sum of Rs. 7,930 is divided into three parts and given on loan at 5% simple interest to A, B and C for 2, 3 and 4 years respectively. If the amounts of all three are equal after their respective periods of loan, then A received a loan of ?

Rs. 3,050

Rs. 2,760

Rs. 2,750

Rs. 2,800

Answer: Rs. 2,760

Explanation:


2. A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of 1 year. If the rate of interest be 10% per annum, then how much profit or loss will he have ?

Rs. 55 gain

Rs. 30 profit

Rs. 30 loss

Rs. 30 profit

Answer: Rs. 55 gain

Explanation:


3. The difference between the simple interest received from two different sources on 1500 for 3 years is 13.50. The difference between their rates of interest is ?

0.1%

0.2%

0.3%

0.4%

Answer: 0.3%

Explanation:


4. How much simple interest will Rs. 4000 earn in 18 months at 12% per annum ?

Rs. 216

Rs. 360

Rs. 720

Rs. 960

Answer: Rs. 720

Explanation:


5. In what time will 8,000, at 3% per annum, produce the same interest as 6, 000 does in 5 years at 4 % simple interest ?

5 years

6 years

3 years

4 years

Answer: 5 years

Explanation:


6. The population of a village decreases at the rate of 20% per annum. If its population 2 years ago was 10,000, the present population is ?

4600

6400

7600

6000

Answer: 6400

Explanation:


7. 1,000 is invested at 5% per annum simple interest. If the interest is added to the principal after every 10 years, the amount will become 2,000 after ?

15 years

18 years

20 years

16 and 2/3 years

Answer: 16 and 2/3 years

Explanation:


8. A money lender finds that due to fall in the annual rate of interest 8 % to 7 and 3/4 %, his yearly income diminishes by 61.50. His capital is ?

22400

23800

24600

26000

Answer: 24600

Explanation:


9. A sum of 1600 gives a simple interest of 252 in 2 years and 3 months. The rate of interest per annum is ?

5 and 1/2 %

8%

7%

6%

Answer: 7%

Explanation:


10. The simple interest on a certain sum at 5% per annum for 3 years and 4 years differ by 42. The sum is ?

210

280

750

840

Answer: 840

Explanation: