1. A sum of money at a certain rate per annum of simple interest doubles in the 5 years and at a different rate becomes three times in 12 years. The lower rate of interest per annum is ?

15%

20%

15 %

16 and 2/3 %

Answer: 16 and 2/3 %

Explanation:


2. The simple interest on a certain sum of money at the rate of 5% per annum for 8 years is Rs. 840. Rate of interest for which the same amount of interest can be received on the same sum after 5 years is ?

7% per annum

8% per annum

9% per annum

10% per annum

Answer: 8% per annum

Explanation:


3. A man lent 60,000, partly at 5% and the rest at 4% simple interest. If the total annual interest is 2560, the money lent at 4% was ?

40000

44000

30000

45000

Answer: 44000

Explanation:


4. What sum will amount to 7000 in 5 years at 3 and 1/3 % simple interest ?

6300

6500

6000

5000

Answer: 6000

Explanation:


5. A person deposited 400 for 2 years, 550 for 4 years and 1,200 for 6 years. He received the total simple interest of 1,020. The rate of interest per annum is ?

10%

5%

15%

20%

Answer: 10%

Explanation:


6. A certain sum of money lent out at simple interest amounts to 1380 in 3 years and 1500 in 5 years. Find the rate per cent per annum ?

3%

3.5%

4%

5%

Answer: 5%

Explanation:


7. A sum of 1500 is lent out in two parts in such a way that the simple interest on one part at 10% per annum for 5 years is equal to that on another part at 12.5% per annum for 4 years. The sum lent out at 12.5% is ?

500

1000

750

1250

Answer: 750

Explanation:


8. Ram deposited a certain sum of money in a company at 12% per annum simple interest for 4 years and deposited equal amount in fixed deposit in a bank for 5 years at 15% per annum simple interest. If the difference in the interest from two sources is 1350, then the sum deposited in each case is : ?

3000

4000

5000

6500

Answer: 5000

Explanation:


9. A person invests money in three different schemes for 6 years, 10 years and 12 years at 10 per cent, 12 per cent and 15 per cent simple interest respectively. At the completion of each scheme, he gets the same interest. The ratio of his investment is ?

6 : 3 : 2

2 : 3 : 4

3 : 4 : 6

3 : 4 : 2

Answer: 6 : 3 : 2

Explanation:


10. A sum was lent at simple interest at a certain rate for 2 years. Had it been lent at 3% higher rate, it would have fetched 300 more. The original sum of money was ?

5000

6000

7000

4000

Answer: 5000

Explanation: