1. The rate of simple interest for which a sum of money becomes 5 times of itself in 8 years is ?

30%

40%

50%

55%

Answer: 50%

Explanation:


2. A sum amounts to double in 8 years by simple interest. Then the rate of simple interest per annum is ?

10%

12.5%

15%

20%

Answer: 12.5%

Explanation:


3. A sum of Rs. 2800 is divided into two parts in such a way that the interest on both the parts is equal. If the first part is lent at 9% p.a. for 5 years and second part is for 6 years at 10% p.a., find the two sums ?

Rs. 1800, Rs. 1000

Rs. 1600, Rs. 1200

Rs. 1400, Rs. 1400

Rs. 1300, Rs. 1500

Answer: Rs. 1600, Rs. 1200

Explanation:


4. A sum of money lent out at simple interest amounts to Rs. 720 after 2 years and Rs. 1020 after a further period of 5 years. Find the principal ?

Rs. 600

Rs. 1740

Rs. 6000

Rs. 120

Answer: Rs. 600

Explanation:


5. The principal which gives 1 interest per day at a rate of 5% simple interest per annum is ?

5000

7300

36500

3650

Answer: 7300

Explanation:


6. 800 becomes 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will 800 become in 3 years ?

1020.80

1025

1052

1050

Answer: 1052

Explanation:


7. A man had 16,000, part of which he lent at 4% and the rest at 5% per annum simple interest. If the total interest received was 700 in one year, the money lent at 4% per annum was ?

12,000

8,000

10,000

6,000

Answer: 10,000

Explanation:


8. A sum of money amounts to 5,200 in 5 years and to 5,680 in 7 years at simple interest. The rate of interest per annum is ?

3%

4%

5%

6%

Answer: 6%

Explanation:


9. A person borrows 5,000 for 2 years at 4% per annum simple interest. He immediately lends it to another person at 6 and 1/4 % per annum simple interest for 2 years. His gain in the transaction is ?

112.50

450

225

150

Answer: 225

Explanation:


10. What annual instalment will discharge a debt of 6450 due in 4 years at 5% simple interest ?

1500

1835

1935

1950

Answer: 1500

Explanation: