Simple Interest
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Simple Interest
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25 Questions

1. Rs. 800 becomes Rs. 956 in 3 years at certain simple rate of interest. If the rate of interest is increased by 4% - what amount will Rs. 800 become in 3 years?
2. The. sum invested in scheme B is twice the sum invested in scheme A. Investment in scheme A is made for 3 years at 8% p.a. simple interest and in Scheme B for 2 years at 9% p.a. simple interest. The total interest earned from both the schemes is Rs. 1800. How much was invested in Scheme A ?
3. A sum of Rs. 2200 is invested attwo different rate of interest. The difference between the interest got after 4 years is Rs. 202.40. What is the difference between the rate of interest ?
4. A sum of money at simple interest amounts to Rs. 14 - 160 in 3 years. If the rate of interest is increased to 25% - the same sum amounts to 14 - 700 in the same time. The rate of interest is
5. Ravi borrowed some money at the rate of 4 p.c.p.a. for the first three years - at the rate of 8 p.c.p.a. for the next two years and at the rate of 9 p.c.p.a. for the period beyond 5 years. If he pays a total simple interest of Rs. 19 - 550 at the - end of 7 years - how much money did he borrow?
6. Mr. A lends 40% of sum at 15% p.a. 50% of rest sum at 10% p.a. and the rest at 18% p.a. rate of interest. What would be the rate of interest if the interest is calculated on the whole sum?
7. A sum of Rs. 3200 becomes Rs. 3456 in two years at a certain rate of simple interest. What is the rate of interest per annum ?
8. Simple interest on a certain sum at a certain annual rate of Interest is 16% of the sum. If the numbers representing rate percent and time in years be equal - then the rate of interest is
9. What total amount would Mithilesh get at the end of three years if he invests an amount of Rs. 11 - 200 in a scheme which offers simple interest at the rate of 8.5 p. c. p. a. for three years?
10. Srinivasan invests two equal amounts in two banks giving 10% and 12% Tate of interest respectively. At the end of year the interest earned is Rs. 1650/. Find the sum invested in each.
11. What amount a man would have received on a principal of Rs. 4 - 000 after two years at simple interest at the rate of 5 per cent per annum ?
12. A took a certain sum as loan from bank at a rate of 8% simple interest per annum. A lends the same amount to B at 12% simple interest per annum. If at the end of five years - A made profit of Rs. 800 front the deal - how much was the original sum ?
13. Arun invested a sum of money at a certain rate of simple interest for a period of four years. Had he invested the same sum for a period of six years the total interest earned by him would have been fifty percent more than the earlier interest amount. What was the rate of interest per cent per annum ?
14. A sum was invested at a cer-tain rate of simple interest for two years. If the sum were invested at 3% more rate of interest - it would have fetched Rs. Rs.2 more. What is the sum ?
15. What will be the difference between the interest accrued on a sum. of Rs. 4500 at 12% per annum for 2 years and that on a sum of Rs. 5600 at 9% per annum for 2 years ?
16. A certain amount earns simple Interest of Rs. 1 - 750/- after 7 years. Had the interest been 2% more - how much more interest would it have earned ?
17. The interest earned when Rs. 'P' is invested for four years in a scheme offering 9% p.a. simple interest is more than the interest earned when the same sum(Rs. P) is invested for two years in another scheme offering 12% p.a. simple interest - by Rs. 360. What is the value of P ?
18. Vishwas borrowed a total amount of Rs. 30 - 000 part of it on simple interest - rate of 12 p.c.p.a. and remaining on simple interest rate of 10 p.c.p.a. If at the end of 2 years he paid in all Rs. 36.480 to settle the loan amount - what was the amount borrowed at 12 p.c.p.a.?
19. A sum of Rs. 16800 is divided into two parts. One part is lent at the simple interest of 6% per annum and the other at 8% per annum. After 2 years total sum received is Rs. 19000. The sum lent at 6% of simple interest is
20. Veena obtained an amount of Rs. 8 - 376 as simple interest on a certain amount at 8 p.c.p.a. after 6 years. What is the amount invested by Veena ?
21. Rs. 16 - 000 was invested for three '' years - partly in Scheme A at therate of 5% Simple Interest per annum and partly in scheme B at the rate of 8% Simple Interest per annum. Total interest received at the end was Rs. 3480. How much sum of money invested in Scheme A ?'
22. Equal amounts are invested in two schemes A and B for 6 years and 8 years respectively: Scheme A offers interest at the rate of 12% per annum and scheme B offers interest at the rate of 8% per annum. The difference between the interests earned is Rs. 1280 - What is the amount invested in each scheme ?
23. The simple interest accrued on an amount of Rs. 2 - 500 at the end of six years is Rs. 1 - 875. What would be the simple interest accrued on an amount of Rs. 6 - 875 at the same rate and same period ?
24. The annual income of Adhiraj is Rs. 702000. He spends 18% of his monthly income on payments of bills - 14% on domestic needs - 16% on children-™s education and 6% on donations. He invests 2/3 rd of the remaining amount in mutual fund. Find the remaining amount with Adhiraj.
25. Shamita took a loan at simple interest rate of 6 p.c.p.a. in the first year and it increased by 1.5 p.c.p.a. every year. If she pays Rs. 8 - 190 as interest at the end of 3 years - what was her loan amount?

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